Jefferies Group LLC set a $16.00 target price on Dean Foods Company (NYSE:DF) in a research note published on Sunday morning. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for Dean Foods’ Q3 2017 earnings at $0.23 EPS, FY2017 earnings at $0.81 EPS, FY2018 earnings at $0.95 EPS and FY2019 earnings at $1.08 EPS.
Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Dean Foods from a hold rating to a buy rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a buy rating and set a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a report on Thursday, August 10th. Stephens cut shares of Dean Foods from an overweight rating to an equal weight rating and set a $22.00 target price on the stock. in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Dean Foods from a strong sell rating to a hold rating in a report on Thursday, July 27th. Finally, Vertical Research cut shares of Dean Foods from a buy rating to a hold rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $14.67.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis.
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A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Dean Foods by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after purchasing an additional 536,720 shares in the last quarter. BlackRock Inc. boosted its stake in Dean Foods by 1.2% in the 2nd quarter. BlackRock Inc. now owns 11,384,396 shares of the company’s stock worth $193,534,000 after purchasing an additional 129,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Dean Foods by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,919,927 shares of the company’s stock worth $83,640,000 after purchasing an additional 156,044 shares in the last quarter. State Street Corp boosted its stake in Dean Foods by 2.0% in the 2nd quarter. State Street Corp now owns 3,251,809 shares of the company’s stock worth $55,278,000 after purchasing an additional 62,555 shares in the last quarter. Finally, FMR LLC boosted its stake in Dean Foods by 56.2% in the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after purchasing an additional 1,079,205 shares in the last quarter.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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