Zacks Investment Research downgraded shares of Dean Foods (NYSE:DF) from a buy rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “Dean Foods is witnessing increased optimism on the smart volume initiative, which is expected to aid results. This initiative is aimed at improving top-line, building margins and creating operating efficiencies. In third-quarter 2017, the company’s results gained from overall solid sales execution and stringent progress on its smart volumes initiative, which helped in wining some new business for 2018. On the flip side, the company has been witnessing a dismal sales trend evident from the second straight quarter miss in third-quarter due to soft volumes, higher raw milk costs, and loss of share in U.S. fluid milk volumes. This led Dean Foods to underperform the sector in the past month. Nevertheless, the company expects to bring more smart volumes into its system to aid top line growth. The company’s initiatives to strengthen brands and diversify portfolio also bode well.”
Several other brokerages have also weighed in on DF. Vertical Group raised Dean Foods from a hold rating to a buy rating in a research report on Monday, January 8th. ValuEngine lowered Dean Foods from a buy rating to a hold rating in a research report on Friday, February 2nd. Jefferies Group set a $16.00 target price on Dean Foods and gave the stock a buy rating in a research report on Sunday, October 29th. Credit Suisse Group dropped their target price on Dean Foods from $10.00 to $8.50 and set an underperform rating on the stock in a research report on Wednesday, November 8th. Finally, Morgan Stanley dropped their target price on Dean Foods from $10.00 to $9.00 and set an overweight rating on the stock in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $13.05.
Dean Foods (DF) opened at $9.40 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.28 and a quick ratio of 0.93. Dean Foods has a 52-week low of $9.01 and a 52-week high of $20.66. The firm has a market capitalization of $854.25, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.83 and a beta of 0.39.
Several hedge funds and other institutional investors have recently modified their holdings of DF. Flinton Capital Management LLC increased its holdings in shares of Dean Foods by 60.6% during the 2nd quarter. Flinton Capital Management LLC now owns 6,448 shares of the company’s stock valued at $110,000 after acquiring an additional 2,432 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Dean Foods by 40.7% during the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after acquiring an additional 2,271 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Dean Foods during the 3rd quarter valued at about $141,000. Crossmark Global Holdings Inc. acquired a new position in shares of Dean Foods during the 3rd quarter valued at about $164,000. Finally, Saratoga Research & Investment Management acquired a new position in shares of Dean Foods during the 3rd quarter valued at about $168,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.
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About Dean Foods
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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