Bob Evans Farms, Inc. (BOBE) SVP Sells $501,970.00 in Stock
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%.
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.
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