Bob Evans Farms Given Consensus Rating of “Hold” by Analysts (NASDAQ:BOBE)
Bob Evans Farms (NASDAQ:BOBE) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, American Banking News reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $48.00.
A number of research firms have recently commented on BOBE. Analysts at Stephens downgraded shares of Bob Evans Farms from an “equal weight” rating to an “underweight” rating in a research note on Thursday. They now have a $40.00 price target on the stock, down previously from $46.00. Separately, 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. Finally, 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.
Bob Evans Farms (NASDAQ:BOBE) opened at 43.78 on Friday. 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 $47.08 and its 200-day moving average is $48.1. The company has a market cap of $1.033 billion and a price-to-earnings ratio of 45.99.
Bob Evans Farms (NASDAQ:BOBE) last released its earnings data 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 $1.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 22nd. Investors 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 2.83%. The ex-dividend date 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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