$102.29 Million in Sales Expected for Bob Evans Farms, Inc. (BOBE) This Quarter
Equities research analysts predict that Bob Evans Farms, Inc. (NASDAQ:BOBE) will report $102.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bob Evans Farms’ earnings. The lowest sales estimate is $102.27 million and the highest is $102.30 million. Bob Evans Farms reported sales of $306.32 million in the same quarter last year, which indicates a negative year over year growth rate of 66.6%. The company is expected to issue its next quarterly earnings report on Wednesday, August 30th.
According to Zacks, analysts expect that Bob Evans Farms will report full year sales of $102.29 million for the current fiscal year, with estimates ranging from $469.86 million to $470.00 million. For the next financial year, analysts expect that the firm will report sales of $496.95 million per share, with estimates ranging from $493.50 million to $500.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Bob Evans Farms.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. The business had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $325.70 million. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share.
A number of research analysts recently weighed in on BOBE shares. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Maxim Group lifted their price objective on shares of Bob Evans Farms from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. William Blair started coverage on shares of Bob Evans Farms in a research note on Wednesday, May 3rd. They issued an “outperform” rating and a $67.41 price objective for the company. CIBC reiterated a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research note on Monday, June 5th. Finally, BidaskClub lowered shares of Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $73.90.
In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total value of $501,970.00. Following the completion of the transaction, the senior vice president now directly owns 4,367 shares of the company’s stock, valued at approximately $308,746.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BOBE. State of Tennessee Treasury Department increased its position in shares of Bob Evans Farms by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,600 shares of the restaurant operator’s stock valued at $1,207,000 after buying an additional 2,807 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Bob Evans Farms during the first quarter valued at approximately $818,000. Karp Capital Management Corp purchased a new position in shares of Bob Evans Farms during the first quarter valued at approximately $321,000. UBS Asset Management Americas Inc. purchased a new position in shares of Bob Evans Farms during the first quarter valued at approximately $580,000. Finally, Comerica Bank increased its position in shares of Bob Evans Farms by 3.8% in the first quarter. Comerica Bank now owns 19,698 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 714 shares during the last quarter. 78.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Bob Evans Farms (NASDAQ:BOBE) opened at 67.00 on Friday. The company has a 50 day moving average price of $68.64 and a 200 day moving average price of $65.00. Bob Evans Farms has a 52 week low of $36.88 and a 52 week high of $75.34. The company has a market capitalization of $1.33 billion, a PE ratio of 10.66 and a beta of 0.54.
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Bob Evans Farms Company Profile
Bob Evans Farms, Inc (Bob Evans) is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names. The Company’s food products are distributed to customers throughout the United States.
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