Insider Selling: Harvey Brownlee Jr Sells 2,131 Shares of Bob Evans Farms Stock (BOBE)
Bob Evans Farms (NASDAQ:BOBE) Insider Harvey Brownlee, Jr. unloaded 2,131 shares of Bob Evans Farms stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $52.77, for a total value of $112,452.87. Following the completion of the transaction, the insider now directly owns 56,505 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on BOBE shares. 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 given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
Bob Evans Farms (NASDAQ:BOBE) traded up 1.41% during mid-day trading on Friday, hitting $54.01. The stock had a trading volume of 282,068 shares. Bob Evans Farms has a 52 week low of $34.45 and a 52 week high of $54.09. The stock’s 50-day moving average is $50.65 and its 200-day moving average is $46.21. The company’s market cap is $1.473 billion.
Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, analysts predict that Bob Evans Farms will post $2.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, August 29th. This is a positive change 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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