Insider Selling: Randall Hicks Sells 13,764 Shares of Bob Evans Farms Stock (BOBE)
Bob Evans Farms (NASDAQ:BOBE) Insider Randall Hicks sold 13,764 shares of Bob Evans Farms stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $52.60, for a total transaction of $723,986.40. Following the transaction, the insider now directly owns 38,700 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on BOBE. Analysts at Janney Montgomery Scott initiated coverage on shares of Bob Evans Farms (NASDAQ:BOBE) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Bob Evans Farms (NASDAQ:BOBE) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Finally, analysts at CL King downgraded shares of Bob Evans Farms (NASDAQ:BOBE) to a “neutral” rating in a research note to investors on Tuesday, August 20th.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Bob Evans Farms currently has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Bob Evans Farms (NASDAQ:BOBE) traded down 0.06% during mid-day trading on Wednesday, hitting $52.92. The stock had a trading volume of 118,946 shares. Bob Evans Farms has a 52 week low of $34.45 and a 52 week high of $53.00. The stock has a 50-day moving average of $50.48 and a 200-day moving average of $46.01. The company’s market cap is $1.443 billion.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $329.40 million for the quarter, compared to the consensus estimate of $333.49 million. During the same quarter last year, the company posted $0.58 earnings per share. Bob Evans Farms’s revenue was down 19.6% compared to the same quarter last year. Analysts expect that Bob Evans Farms will post $2.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Bob Evans Farms’s previous quarterly dividend of $0.28.
Bob Evans Farms, Inc (NASDAQ:BOBE) is a full-service restaurant company.
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