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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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