Bob Evans Farms Inc. (BOBE) Given Average Recommendation of “Hold” by Analysts
Shares of Bob Evans Farms Inc. (NASDAQ:BOBE) have earned an average rating of “Hold” from the six brokerages that are covering the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $51.25.
Several brokerages recently commented on BOBE. Maxim Group cut their price target on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Zacks Investment Research downgraded shares of Bob Evans Farms from a “hold” rating to a “sell” rating in a research note on Monday, August 29th.
Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. increased its position in Bob Evans Farms by 6.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,570 shares of the company’s stock worth $1,236,000 after buying an additional 1,955 shares in the last quarter. Managed Asset Portfolios LLC increased its position in Bob Evans Farms by 6.2% in the first quarter. Managed Asset Portfolios LLC now owns 248,470 shares of the company’s stock worth $11,601,000 after buying an additional 14,560 shares in the last quarter. BlackRock Group LTD increased its position in Bob Evans Farms by 20.0% in the first quarter. BlackRock Group LTD now owns 40,253 shares of the company’s stock worth $1,879,000 after buying an additional 6,697 shares in the last quarter. UBS Group AG increased its position in Bob Evans Farms by 33.2% in the first quarter. UBS Group AG now owns 26,510 shares of the company’s stock worth $1,238,000 after buying an additional 6,614 shares in the last quarter. Finally, Pacific Global Investment Management CO increased its position in Bob Evans Farms by 2.5% in the first quarter. Pacific Global Investment Management CO now owns 75,170 shares of the company’s stock worth $3,510,000 after buying an additional 1,838 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.
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Shares of Bob Evans Farms (NASDAQ:BOBE) traded up 0.61% during trading on Monday, reaching $39.68. 115,314 shares of the company were exchanged. The firm has a market capitalization of $784.31 million, a PE ratio of 28.28 and a beta of 0.60. The company’s 50-day moving average is $38.75 and its 200 day moving average is $41.17. Bob Evans Farms has a 1-year low of $35.63 and a 1-year high of $48.24.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $306.30 million for the quarter, compared to the consensus estimate of $310.89 million. Bob Evans Farms had a net margin of 2.20% and a return on equity of 17.38%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Equities research analysts expect that Bob Evans Farms will post $2.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Monday, September 5th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.45%. Bob Evans Farms’s dividend payout ratio is presently 97.14%.
About Bob Evans Farms
Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States.
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