Other analysts have also issued research reports about the stock. BMO Capital Markets set a $2.00 price target on shares of Dean Foods and gave the company a hold rating in a report on Wednesday, August 7th. Zacks Investment Research raised shares of Dean Foods from a strong sell rating to a hold rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $4.00.
DF opened at $0.89 on Friday. Dean Foods has a 1-year low of $0.72 and a 1-year high of $8.25. The business has a 50 day moving average price of $1.13 and a two-hundred day moving average price of $2.13. The company has a market capitalization of $70.22 million, a price-to-earnings ratio of -1.89 and a beta of 0.38. The company has a debt-to-equity ratio of 6.18, a current ratio of 1.15 and a quick ratio of 0.84.
In other news, CEO Eric Beringause purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $0.81 per share, with a total value of $81,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares of the company’s stock, valued at $81,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of Dean Foods by 2.2% during the fourth quarter. Legal & General Group Plc now owns 295,490 shares of the company’s stock worth $1,126,000 after purchasing an additional 6,253 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Dean Foods by 30.8% during the first quarter. BNP Paribas Arbitrage SA now owns 60,560 shares of the company’s stock worth $183,000 after purchasing an additional 14,243 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Dean Foods during the fourth quarter worth about $58,000. Marshall Wace North America L.P. acquired a new stake in shares of Dean Foods during the first quarter worth about $49,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of Dean Foods during the first quarter worth about $55,000. Institutional investors and hedge funds own 84.08% of the company’s stock.
About Dean Foods
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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