CJS Securities began coverage on shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) in a report published on Wednesday morning. The brokerage issued an outperform rating and a $85.00 price objective on the restaurant operator’s stock.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Bob Evans Farms from a hold rating to a buy rating and set a $77.00 price target on the stock in a research report on Monday, September 4th. Maxim Group reaffirmed a buy rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Wednesday, August 30th. CIBC reaffirmed a market perform rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. BidaskClub cut Bob Evans Farms from a strong-buy rating to a buy rating in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a market perform rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bob Evans Farms has a consensus rating of Hold and an average target price of $76.05.

Bob Evans Farms (NASDAQ:BOBE) opened at 77.25 on Wednesday. The company has a market cap of $1.54 billion, a PE ratio of 12.54 and a beta of 0.55. The firm’s 50-day moving average price is $67.41 and its 200 day moving average price is $67.17. Bob Evans Farms has a 52-week low of $36.88 and a 52-week high of $78.18.

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 Thomson Reuters’ consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. On average, equities analysts predict that Bob Evans Farms will post $2.18 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.76%. Bob Evans Farms’s dividend payout ratio is presently 22.08%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Miles Capital Inc. lifted its holdings in Bob Evans Farms by 0.3% during the 1st quarter. Miles Capital Inc. now owns 6,219 shares of the restaurant operator’s stock worth $403,000 after purchasing an additional 17 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Bob Evans Farms by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,610 shares of the restaurant operator’s stock worth $259,000 after purchasing an additional 29 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bob Evans Farms by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 68 shares in the last quarter. Arizona State Retirement System lifted its holdings in Bob Evans Farms by 1.0% during the 1st quarter. Arizona State Retirement System now owns 10,312 shares of the restaurant operator’s stock worth $669,000 after purchasing an additional 100 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Bob Evans Farms by 7.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 115 shares in the last quarter. 76.85% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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