Bob Evans Farms, Inc. (NASDAQ:BOBE) Given Consensus Rating of “Hold” by Analysts
Bob Evans Farms, Inc. (NASDAQ:BOBE) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $75.68.
BOBE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Maxim Group lifted their price target on Bob Evans Farms from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. William Blair assumed coverage on Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target on the stock. CIBC restated 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. Finally, BidaskClub lowered Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th.
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Shares of Bob Evans Farms (NASDAQ BOBE) traded down 0.43% during trading on Friday, reaching $67.00. The company’s stock had a trading volume of 244,845 shares. Bob Evans Farms has a 52-week low of $36.88 and a 52-week high of $75.34. The stock’s 50 day moving average price is $68.64 and its 200-day moving average price is $65.00. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 10.66 and a beta of 0.54.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.19. The firm had revenue of $99.90 million for the quarter, compared to analyst estimates of $325.70 million. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Equities analysts anticipate that Bob Evans Farms will post $2.19 EPS for the current year.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of Bob Evans Farms stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total transaction of $501,970.00. Following the sale, the senior vice president now directly owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BOBE. Quantbot Technologies LP purchased a new stake in Bob Evans Farms during the second quarter valued at $101,000. MML Investors Services LLC bought a new position in shares of Bob Evans Farms during the second quarter worth about $219,000. Vanguard Group Inc. boosted its position in shares of Bob Evans Farms by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock worth $195,492,000 after buying an additional 16,931 shares during the last quarter. Northern Trust Corp boosted its position in shares of Bob Evans Farms by 1.9% in the second quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator’s stock worth $53,530,000 after buying an additional 13,564 shares during the last quarter. Finally, Citigroup Inc. boosted its position 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 buying an additional 13,073 shares during the last quarter. Institutional investors own 78.27% of the company’s stock.
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.
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