Bob Evans Farms Director Sells $220,849 in Stock (BOBE)
Bob Evans Farms (NASDAQ:BOBE) Director G Robert Lucas sold 5,070 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $43.56, for a total value of $220,849.20. Following the transaction, the director now directly owns 13,838 shares of the company’s stock, valued at approximately $602,783. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on BOBE shares. 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.00.
Bob Evans Farms (NASDAQ:BOBE) traded up 0.82% on Wednesday, hitting $43.05. The stock had a trading volume of 771,850 shares. Bob Evans Farms has a one year low of $42.50 and a one 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 $1.015 billion and a P/E ratio of 44.85.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly 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. 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 2.87%. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.