Bessemer Group Inc. trimmed its stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,800 shares of the restaurant operator’s stock after selling 4,082 shares during the quarter. Bessemer Group Inc. owned approximately 0.16% of Bob Evans Farms worth $2,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC raised its holdings in shares of Bob Evans Farms by 7.9% in the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock worth $384,000 after acquiring an additional 389 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Bob Evans Farms in the second quarter worth $307,000. State Street Corp raised its holdings in shares of Bob Evans Farms by 1.8% in the first quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock worth $34,473,000 after acquiring an additional 9,181 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Bob Evans Farms by 13.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock worth $12,173,000 after acquiring an additional 22,049 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Bob Evans Farms by 1,199.4% in the second quarter. Citigroup Inc. now owns 14,163 shares of the restaurant operator’s stock worth $1,018,000 after acquiring an additional 13,073 shares during the last quarter. 76.52% of the stock is owned by institutional investors.

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Bob Evans Farms, Inc. (NASDAQ BOBE) opened at $77.50 on Tuesday. The company has a market capitalization of $1,550.00, a price-to-earnings ratio of 33.82 and a beta of 0.55. Bob Evans Farms, Inc. has a 12 month low of $42.69 and a 12 month high of $78.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.83.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. equities analysts predict that Bob Evans Farms, Inc. will post 2.21 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on BOBE shares. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Monday, September 4th. Maxim Group reissued a “buy” rating and issued a $77.00 price target on shares of Bob Evans Farms in a report on Wednesday, August 30th. Oppenheimer Holdings, Inc. reissued a “hold” rating and issued a $72.00 price target on shares of Bob Evans Farms in a report on Friday, September 8th. William Blair cut Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday, September 22nd. Finally, BidaskClub cut Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $76.05.

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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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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