Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Bob Evans Farms (BOBE) Share Price
Media coverage about Bob Evans Farms (NASDAQ:BOBE) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bob Evans Farms earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 46.6603143914023 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Investors watching RSI reading on Bob Evans Farms, Inc. (BOBE) – Wall Street Morning (wallstreetmorning.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of a Complaint Filed Challenging the Sale of Bob Evans Farms, Inc. to Post Holdings, Inc. for $77 Per Share is Fair … (businesswire.com)
- Growth Stocks To Watch Out For In November (finance.yahoo.com)
Shares of Bob Evans Farms (NASDAQ:BOBE) traded up $0.16 during mid-day trading on Friday, reaching $77.27. The company’s stock had a trading volume of 225,758 shares, compared to its average volume of 398,219. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.75 and a beta of 0.55. 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 (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. The company had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. Bob Evans Farms’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. analysts forecast that Bob Evans Farms will post 2.21 EPS for the current year.
Several analysts recently weighed in on BOBE shares. BidaskClub lowered Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Berenberg Bank started coverage on Bob Evans Farms in a report on Wednesday, July 19th. They issued a “buy” rating and a $77.00 price objective for the company. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Maxim Group lowered their price objective on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating for the company in a report on Friday, August 18th. Finally, Sidoti started coverage on Bob Evans Farms in a report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $76.05.
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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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