Bob Evans Farms CEO Acquires $646,800 in Stock (BOBE)
Bob Evans Farms (NASDAQ:BOBE) CEO Steven A. Davis purchased 15,000 shares of Bob Evans Farms stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average price of $43.12 per share, for a total transaction of $646,800.00. Following the purchase, the chief executive officer now directly owns 482,359 shares in the company, valued at approximately $20,799,320. The purchase was disclosed in a document filed with the SEC, which is available at this link.
BOBE has been the subject of a number of recent research reports. Analysts at Stephens downgraded shares of Bob Evans Farms from an “equal weight” rating to an “underweight” rating in a research note on Thursday, August 28th. 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.00.
Bob Evans Farms (NASDAQ:BOBE) traded up 1.10% on Wednesday, hitting $43.17. The stock had a trading volume of 743,524 shares. Bob Evans Farms has a 1-year low of $42.50 and a 1-year high of $60.22. The stock’s 50-day moving average is $46.87 and its 200-day moving average is $47.98. The company has a market cap of $1.018 billion and a P/E ratio of 44.85.
Bob Evans Farms (NASDAQ:BOBE) last announced its 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. On average, analysts predict that Bob Evans Farms will post $1.89 earnings per share 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 2.90%. 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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