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Investment analysts at Janney Montgomery Scott dropped their price target on shares of Bob Evans Farms (NASDAQ:BOBE) from $45.00 to $44.00 in a note issued to investors on Thursday. The firm currently has a “fair value” rating on the stock. Janney Montgomery Scott’s price objective would indicate a potential downside of 6.36% from the company’s current price.

Bob Evans Farms (NASDAQ:BOBE) traded down 1.22% during mid-day trading on Thursday, hitting $46.99. 923,637 shares of the company’s stock traded hands. Bob Evans Farms has a one year low of $43.19 and a one year high of $60.22. The stock has a 50-day moving average of $48.59 and a 200-day moving average of $48.64. The company has a market cap of $1.160 billion and a P/E ratio of 37.69.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings data on Tuesday, July 8th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.20. The company had revenue of $326.40 million for the quarter, compared to the consensus estimate of $333.31 million. During the same quarter last year, the company posted $0.71 earnings per share. Bob Evans Farms’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Bob Evans Farms will post $2.45 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Bob Evans Farms from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $49.70 price target on the stock. Separately, analysts at Miller Tabak raised their price target on shares of Bob Evans Farms from $57.00 to $59.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Bob Evans Farms from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.94.

Bob Evans Farms, Inc (NASDAQ:BOBE) is a full-service restaurant company that operates Bob Evans Restaurants.

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