Bob Evans Farms, Inc. (NASDAQ:BOBE) – Equities research analysts at Oppenheimer Holdings issued their FY2018 EPS estimates for Bob Evans Farms in a note issued to investors on Monday. Oppenheimer Holdings analyst R. Parikh expects that the restaurant operator will post earnings of $2.18 per share for the year. Oppenheimer Holdings has a “Market Perform” rating and a $77.00 price target on the stock. Oppenheimer Holdings also issued estimates for Bob Evans Farms’ FY2019 earnings at $2.38 EPS.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, March 7th. Maxim Group raised their price target on shares of Bob Evans Farms from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. William Blair started coverage on Bob Evans Farms in a report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target on the stock. Finally, CIBC reiterated a “market perform” rating and set a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday, June 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.28.

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Shares of Bob Evans Farms (NASDAQ BOBE) traded up 2.47% during midday trading on Thursday, hitting $72.20. The company had a trading volume of 109,576 shares. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.49 and a beta of 0.53. Bob Evans Farms has a 12 month low of $35.63 and a 12 month high of $75.34. The stock’s 50-day moving average price is $69.89 and its 200-day moving average price is $60.70.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.19. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The business had revenue of $99.90 million for the quarter, compared to analyst estimates of $325.70 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of Bob Evans Farms during the first quarter valued at $1,661,000. Tudor Investment Corp ET AL acquired a new stake in shares of Bob Evans Farms during the first quarter valued at approximately $22,705,000. State Street Corp boosted its stake in shares of Bob Evans Farms by 1.8% in the first quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock valued at $34,473,000 after buying an additional 9,181 shares during the period. Bank of America Corp DE boosted its stake in shares of Bob Evans Farms by 14.2% in the first quarter. Bank of America Corp DE now owns 44,874 shares of the restaurant operator’s stock valued at $2,911,000 after buying an additional 5,589 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Bob Evans Farms by 13.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock valued at $12,173,000 after buying an additional 22,049 shares during the period. 78.34% of the stock is currently owned by institutional investors.

In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total transaction of $501,970.00. Following the sale, the senior vice president now owns 4,367 shares of the company’s stock, valued at $308,746.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Monday, June 12th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. Bob Evans Farms’s dividend payout ratio is presently 21.69%.

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.

Earnings History and Estimates for Bob Evans Farms (NASDAQ:BOBE)

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