Bob Evans Farms Downgraded by Stephens to Underweight (BOBE)
Bob Evans Farms (NASDAQ:BOBE) was downgraded by investment analysts at Stephens from an “equal weight” rating to an “underweight” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on BOBE. Analysts at Miller Tabak raised their price target on shares of Bob Evans Farms from $55.00 to $56.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.67.
Shares of Bob Evans Farms (NASDAQ:BOBE) opened at 45.77 on Thursday. Bob Evans Farms has a 52-week low of $43.19 and a 52-week high of $60.22. The stock’s 50-day moving average is $47. and its 200-day moving average is $48.19. The company has a market cap of $1.076 billion and a price-to-earnings ratio of 37.84.
Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.10. The company had revenue of $326.30 million for the quarter, compared to the consensus estimate of $328.61 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Bob Evans Farms will post $1.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 22nd. Stockholders 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 2.71%. The ex-dividend date of this dividend is Thursday, September 4th.
Bob Evans Farms, Inc (NASDAQ:BOBE) is a full-service restaurant company that operates Bob Evans Restaurants.
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