Bob Evans Farms Inc (NASDAQ:BOBE) announced a special dividend on Tuesday, May 2nd. Investors of record on Tuesday, May 30th will be paid a dividend of 7.50 per share by the restaurant operator on Friday, June 16th. This represents a yield of 2%. The ex-dividend date is Thursday, May 25th.

Bob Evans Farms has increased its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Shares of Bob Evans Farms (NASDAQ:BOBE) traded up 0.28% during mid-day trading on Wednesday, reaching $68.19. The company had a trading volume of 263,062 shares. Bob Evans Farms has a 12-month low of $35.63 and a 12-month high of $69.16. The stock has a market capitalization of $1.35 billion, a P/E ratio of 75.35 and a beta of 0.45. The firm’s 50 day moving average is $64.05 and its 200-day moving average is $53.83.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, March 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.01. Bob Evans Farms had a net margin of 1.74% and a return on equity of 19.59%. The firm earned $335.90 million during the quarter, compared to the consensus estimate of $344.56 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that Bob Evans Farms will post $2.28 earnings per share for the current fiscal year.

Dividend History for Bob Evans Farms (NASDAQ:BOBE)

A number of research analysts have recently commented on BOBE shares. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, March 7th. Oppenheimer Holdings Inc. cut Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 4th. TheStreet cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Citigroup Inc cut Bob Evans Farms from a “positive” rating to a “market perform” rating in a research note on Wednesday, January 4th. Finally, William Blair started coverage on Bob Evans Farms in a research note on Wednesday. They issued an “outperform” rating and a $67.41 price target for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Bob Evans Farms presently has a consensus rating of “Hold” and an average price target of $64.28.

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About Bob Evans Farms

Bob Evans Farms, Inc (Bob Evans) is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names. The Company’s food products are distributed to customers throughout the United States.

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