Dean Foods (DF) Sets New 1-Year Low at $2.29

Dean Foods Co (NYSE:DF)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $2.29 and last traded at $2.32, with a volume of 66336 shares changing hands. The stock had previously closed at $2.42.

Several brokerages recently weighed in on DF. JPMorgan Chase & Co. upgraded shares of Dean Foods from an “underweight” rating to a “neutral” rating in a report on Friday, March 8th. Credit Suisse Group set a $3.00 price objective on shares of Dean Foods and gave the company a “sell” rating in a report on Thursday, February 28th. Finally, BMO Capital Markets cut their price objective on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $6.29.

The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $204.50 million, a P/E ratio of -4.66 and a beta of 0.42.

Dean Foods (NYSE:DF) last released its earnings results on Wednesday, February 27th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dean Foods had a negative net margin of 4.22% and a negative return on equity of 7.87%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Equities research analysts forecast that Dean Foods Co will post -0.39 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DF. Oregon Public Employees Retirement Fund bought a new position in shares of Dean Foods in the 4th quarter valued at about $35,000. Sigma Planning Corp acquired a new stake in shares of Dean Foods during the 4th quarter worth about $44,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Dean Foods during the 4th quarter worth about $45,000. SG Americas Securities LLC lifted its stake in shares of Dean Foods by 100.9% during the 4th quarter. SG Americas Securities LLC now owns 13,862 shares of the company’s stock worth $53,000 after buying an additional 1,591,078 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Dean Foods during the 4th quarter worth about $58,000. 88.90% of the stock is owned by institutional investors.

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Dean Foods Company Profile (NYSE:DF)

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

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