Bob Evans Farms (BOBE) Rating Increased to Sell at BidaskClub
Bob Evans Farms (NASDAQ:BOBE) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
Several other research analysts have also recently issued reports on BOBE. Zacks Investment Research cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Oppenheimer reissued a “hold” rating and issued a $72.00 price target on shares of Bob Evans Farms in a research note on Friday, September 8th. Maxim Group cut Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research note on Tuesday, September 19th. Berenberg Bank cut Bob Evans Farms from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Finally, CJS Securities started coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Bob Evans Farms currently has an average rating of “Hold” and a consensus target price of $76.05.
Bob Evans Farms (BOBE) opened at $77.08 on Thursday. Bob Evans Farms has a 52 week low of $47.28 and a 52 week high of $79.70. The stock has a market capitalization of $1,546.85, a price-to-earnings ratio of 12.31 and a beta of 0.54. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.72.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The company had revenue of $117.63 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. research analysts expect that Bob Evans Farms will post 2.2 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its stake in Bob Evans Farms by 60.0% during the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 528 shares in the last quarter. Quantbot Technologies LP bought a new position in Bob Evans Farms during the second quarter valued at about $101,000. Ameritas Investment Partners Inc. boosted its stake in Bob Evans Farms by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 115 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Bob Evans Farms by 61.7% during the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 864 shares in the last quarter. Finally, Amalgamated Bank bought a new position in Bob Evans Farms during the third quarter valued at about $212,000. 77.87% of the stock is owned by institutional investors and hedge funds.
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About Bob Evans Farms
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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