Bob Evans Farms, Inc. (NASDAQ:BOBE) announced a quarterly dividend on Tuesday, November 28th, RTT News reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.34 per share by the restaurant operator on Friday, December 22nd. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, December 8th.

Bob Evans Farms has increased its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Bob Evans Farms has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bob Evans Farms to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 54.8%.

Shares of Bob Evans Farms (BOBE) opened at $77.66 on Thursday. The stock has a market capitalization of $1,550.00, a price-to-earnings ratio of 33.85 and a beta of 0.54. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. Bob Evans Farms has a 52 week low of $47.28 and a 52 week high of $78.24.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. During the same period in the previous year, the company earned $0.56 EPS. analysts anticipate that Bob Evans Farms will post 2.21 EPS for the current year.

Several research firms recently commented on BOBE. ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday. Berenberg Bank lowered Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $78.00 to $77.00 in a report on Wednesday, September 20th. Maxim Group lowered their price target on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Finally, Sidoti started coverage on shares of Bob Evans Farms in a research report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.05.

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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.

Dividend History for Bob Evans Farms (NASDAQ:BOBE)

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