Bob Evans Farms PT Raised to $56.00 at Miller Tabak (BOBE)
Research analysts at Miller Tabak hoisted their price objective on shares of Bob Evans Farms (NASDAQ:BOBE) from $55.00 to $56.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Miller Tabak’s price target indicates a potential upside of 15.51% from the stock’s previous close.
Separately, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.00.
Bob Evans Farms (NASDAQ:BOBE) opened at 48.49 on Thursday. Bob Evans Farms has a 1-year low of $43.19 and a 1-year high of $60.22. The stock’s 50-day moving average is $47.40 and its 200-day moving average is $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 issued its quarterly 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. On average, analysts predict that Bob Evans Farms will post $1.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 22nd. Shareholders of record on Monday, September 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.56%.
Bob Evans Farms, Inc (NASDAQ:BOBE) is a full-service restaurant company that operates Bob Evans Restaurants.