Dean Foods (DF) Given a $13.00 Price Target by Jefferies Financial Group Analysts
Dean Foods (NYSE:DF) has been given a $13.00 price objective by research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 74.73% from the company’s previous close.
DF has been the topic of several other reports. ValuEngine lowered Dean Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. lowered Dean Foods from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $9.00 to $6.00 in a research note on Friday, August 17th. BMO Capital Markets reduced their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 8th. Finally, Deutsche Bank raised Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 price objective on the stock in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.06.
DF opened at $7.44 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.04. The stock has a market capitalization of $697.19 million, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.46 and a beta of 0.46. Dean Foods has a 12 month low of $7.43 and a 12 month high of $12.09.
In related news, major shareholder Value Vals Ag Vv purchased 350,000 shares of Dean Foods stock in a transaction that occurred on Tuesday, August 7th. The shares were purchased at an average cost of $8.31 per share, with a total value of $2,908,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DF. US Bancorp DE lifted its position in Dean Foods by 333.5% during the 1st quarter. US Bancorp DE now owns 11,912 shares of the company’s stock worth $103,000 after acquiring an additional 9,164 shares in the last quarter. Raymond James & Associates acquired a new position in Dean Foods during the 4th quarter worth approximately $122,000. Campbell & CO Investment Adviser LLC acquired a new position in Dean Foods during the 2nd quarter worth approximately $162,000. Jane Street Group LLC lifted its position in Dean Foods by 276.6% during the 2nd quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock worth $187,000 after acquiring an additional 27,935 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Dean Foods during the 1st quarter worth approximately $197,000. 85.17% of the stock is currently owned by hedge funds and other institutional investors.
Dean Foods Company Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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