California State Teachers Retirement System cut its position in shares of Bob Evans Farms Inc. (NASDAQ:BOBE) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,633 shares of the company’s stock after selling 427 shares during the period. California State Teachers Retirement System owned 0.21% of Bob Evans Farms worth $1,580,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Managed Asset Portfolios LLC raised its position in Bob Evans Farms by 6.2% in the first quarter. Managed Asset Portfolios LLC now owns 248,470 shares of the company’s stock worth $11,601,000 after buying an additional 14,560 shares during the last quarter. Springbok Capital Management LLC purchased a new position in Bob Evans Farms during the first quarter worth about $107,000. Renaissance Technologies LLC raised its position in Bob Evans Farms by 35.9% in the first quarter. Renaissance Technologies LLC now owns 150,600 shares of the company’s stock worth $7,032,000 after buying an additional 39,800 shares during the last quarter. Geode Capital Management LLC raised its position in Bob Evans Farms by 0.8% in the first quarter. Geode Capital Management LLC now owns 145,027 shares of the company’s stock worth $6,771,000 after buying an additional 1,153 shares during the last quarter. Finally, Pacific Global Investment Management CO raised its position in Bob Evans Farms by 2.5% in the first quarter. Pacific Global Investment Management CO now owns 75,170 shares of the company’s stock worth $3,510,000 after buying an additional 1,838 shares during the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

Bob Evans Farms Inc. (NASDAQ:BOBE) traded up 0.77% during trading on Monday, hitting $37.99. 211,487 shares of the stock were exchanged. The firm has a 50-day moving average of $37.96 and a 200-day moving average of $42.14. Bob Evans Farms Inc. has a 52 week low of $35.63 and a 52 week high of $48.24. The stock has a market capitalization of $750.91 million, a price-to-earnings ratio of 27.08 and a beta of 0.65.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company earned $306.30 million during the quarter, compared to analyst estimates of $310.89 million. Bob Evans Farms had a net margin of 2.20% and a return on equity of 17.38%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Bob Evans Farms Inc. will post $2.10 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Monday, September 5th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.36 dividend on an annualized basis and a yield of 3.58%. Bob Evans Farms’s dividend payout ratio is presently 97.14%.

BOBE has been the subject of a number of research reports. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $50.00 price target on shares of Bob Evans Farms in a report on Wednesday, June 15th. Zacks Investment Research downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. TheStreet downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Maxim Group reduced their price target on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Bob Evans Farms has an average rating of “Hold” and an average target price of $49.80.

About Bob Evans Farms

Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States.

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