Bob Evans Farms, Inc. (NASDAQ:BOBE) SVP Thomas Alan Ashworth sold 7,100 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total transaction of $501,970.00. Following the completion of the transaction, the senior vice president now owns 4,367 shares of the company’s stock, valued at $308,746.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Bob Evans Farms, Inc. (NASDAQ BOBE) traded down 1.01% during trading on Monday, reaching $71.80. 192,043 shares of the company were exchanged. Bob Evans Farms, Inc. has a 52-week low of $35.63 and a 52-week high of $75.34. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 11.42 and a beta of 0.53. The firm has a 50-day moving average of $69.89 and a 200-day moving average of $60.70.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The company had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, equities analysts forecast that Bob Evans Farms, Inc. will post $2.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 12th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 8th. Bob Evans Farms’s dividend payout ratio (DPR) is presently 21.69%.

TRADEMARK VIOLATION WARNING: “Bob Evans Farms, Inc. (BOBE) SVP Sells $501,970.00 in Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/26/bob-evans-farms-inc-bobe-svp-sells-501970-00-in-stock.html.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Maxim Group raised their target price on shares of Bob Evans Farms from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. CIBC restated a “market perform” rating and set a $77.00 target price on shares of Bob Evans Farms in a report on Monday, June 5th. Oppenheimer Holdings, Inc. restated a “market perform” rating and set a $77.00 target price on shares of Bob Evans Farms in a report on Monday, June 5th. Finally, William Blair began coverage on shares of Bob Evans Farms in a report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 target price for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.28.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOBE. Park National Corp OH boosted its position in Bob Evans Farms by 11.0% in the first quarter. Park National Corp OH now owns 19,041 shares of the restaurant operator’s stock valued at $1,235,000 after buying an additional 1,888 shares during the period. Teachers Advisors LLC raised its stake in shares of Bob Evans Farms by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 33,489 shares of the restaurant operator’s stock worth $1,782,000 after buying an additional 538 shares in the last quarter. Norges Bank acquired a new stake in shares of Bob Evans Farms during the fourth quarter worth approximately $13,852,000. Thrivent Financial for Lutherans raised its stake in shares of Bob Evans Farms by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,730 shares of the restaurant operator’s stock worth $571,000 after buying an additional 620 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of Bob Evans Farms during the fourth quarter worth approximately $1,839,000. Institutional investors own 78.34% of the company’s stock.

Bob Evans Farms Company Profile

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.

Receive News & Ratings for Bob Evans Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms Inc. and related companies with MarketBeat.com's FREE daily email newsletter.