Bob Evans Farms, Inc. (BOBE) Receives Consensus Rating of “Hold” from Brokerages
Bob Evans Farms, Inc. (NASDAQ:BOBE) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $77.29.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Monday, September 4th. Maxim Group reaffirmed a “buy” rating and issued a $77.00 target price on shares of Bob Evans Farms in a report on Wednesday, August 30th. CIBC reaffirmed a “market perform” rating and issued a $77.00 target price on shares of Bob Evans Farms in a report on Monday, June 5th. BidaskClub downgraded Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $77.00 target price on shares of Bob Evans Farms in a research report on Monday, June 5th.
A number of large investors have recently made changes to their positions in BOBE. BlackRock Inc. grew its position in Bob Evans Farms by 7,979.3% in the first quarter. BlackRock Inc. now owns 2,951,515 shares of the restaurant operator’s stock worth $191,465,000 after acquiring an additional 2,914,983 shares in the last quarter. Victory Capital Management Inc. boosted its position in Bob Evans Farms by 4,068.0% during the first quarter. Victory Capital Management Inc. now owns 505,407 shares of the restaurant operator’s stock valued at $32,786,000 after buying an additional 493,281 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Bob Evans Farms during the first quarter valued at about $22,705,000. Balyasny Asset Management LLC purchased a new stake in Bob Evans Farms during the second quarter valued at about $19,139,000. Finally, Blair William & Co. IL purchased a new stake in Bob Evans Farms during the second quarter valued at about $15,751,000. Institutional investors own 76.85% of the company’s stock.
Bob Evans Farms (BOBE) traded down 0.08% during midday trading on Friday, hitting $77.51. The stock had a trading volume of 673,590 shares. The firm has a market cap of $1.55 billion, a P/E ratio of 12.58 and a beta of 0.55. Bob Evans Farms has a 52 week low of $36.98 and a 52 week high of $78.18. The stock has a 50-day moving average of $67.41 and a 200-day moving average of $67.17.
Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. Bob Evans Farms’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Analysts forecast that Bob Evans Farms will post $2.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. Bob Evans Farms’s payout ratio is currently 22.08%.
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.
Receive News & Ratings for Bob Evans Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.