Bob Evans Farms, Inc. (BOBE) Stake Boosted by Teachers Advisors LLC
Teachers Advisors LLC lifted its stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 54.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,879 shares of the restaurant operator’s stock after purchasing an additional 18,927 shares during the quarter. Teachers Advisors LLC owned 0.27% of Bob Evans Farms worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its position in shares of Bob Evans Farms by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 864 shares during the last quarter. Alliancebernstein L.P. raised its position in Bob Evans Farms by 61.4% in the 2nd quarter. Alliancebernstein L.P. now owns 54,157 shares of the restaurant operator’s stock worth $3,890,000 after buying an additional 20,600 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in Bob Evans Farms by 942.0% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 11,723 shares of the restaurant operator’s stock worth $842,000 after buying an additional 10,598 shares during the last quarter. Pier Capital LLC purchased a new position in Bob Evans Farms in the 2nd quarter worth about $2,945,000. Finally, JPMorgan Chase & Co. raised its position in Bob Evans Farms by 2.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,654 shares of the restaurant operator’s stock worth $10,246,000 after buying an additional 2,892 shares during the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Bob Evans Farms from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Maxim Group decreased their target price on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Berenberg Bank lowered Bob Evans Farms from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. Finally, Sidoti assumed coverage on Bob Evans Farms in a research report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 target price for the company. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.05.
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Shares of Bob Evans Farms, Inc. (BOBE) opened at 77.27 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 12.54 and a beta of 0.58. The firm’s 50 day moving average price is $73.26 and its 200-day moving average price is $69.30. Bob Evans Farms, Inc. has a 1-year low of $39.32 and a 1-year high of $78.18.
Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The firm had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.29 million. During the same period last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. Analysts expect that Bob Evans Farms, Inc. will post $2.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, August 30th. Bob Evans Farms’s payout ratio is 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.
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