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Bob Evans Farms (NASDAQ:BOBE) saw an uptick in trading volume on Wednesday after the company announced a dividend, Stock Ratings reports. 594,668 shares changed hands during trading, an increase of 45% from the previous session’s volume of 410,031 shares.The stock last traded at $49.03 and had previously closed at $48.17.

The newly announced dividend is scheduled for Monday, September 22nd. Investors of record on Monday, September 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.56%.

Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott cut their price target on shares of Bob Evans Farms from $45.00 to $44.00 in a research note on Thursday, July 10th. They now have a “fair value” rating on the stock. 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Bob Evans Farms currently has an average rating of “Hold” and an average target price of $53.75.

The stock has a 50-day moving average of $47.40 and a 200-day moving average of $48.24. The company has a market cap of $1.139 billion and a P/E ratio of 38.17.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings data on Tuesday, July 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Bob Evans Farms will post $1.97 EPS for the current fiscal year.

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

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