$0.35 EPS Expected for Bob Evans Farms, Inc. (NASDAQ:BOBE) This Quarter
Wall Street brokerages expect Bob Evans Farms, Inc. (NASDAQ:BOBE) to announce earnings of $0.35 per share for the current quarter, according to Zacks. Two analysts have made estimates for Bob Evans Farms’ earnings. Bob Evans Farms reported earnings of $0.48 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 27.1%. The firm is expected to report its next earnings report on Wednesday, August 30th.
On average, analysts expect that Bob Evans Farms will report full-year earnings of $2.18 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $2.44 per share, with EPS estimates ranging from $2.38 to $2.50. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Bob Evans Farms.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. During the same period in the previous year, the firm earned $0.48 earnings per share. Bob Evans Farms’s revenue for the quarter was down 2.4% on a year-over-year basis.
Several equities analysts recently weighed in on BOBE shares. Zacks Investment Research raised shares of Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. William Blair started coverage on shares of Bob Evans Farms in a research report on Wednesday, May 3rd. They issued an “outperform” rating and a $67.41 price target on the stock. Maxim Group lifted their price target on shares of Bob Evans Farms from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reissued a “market perform” rating and issued a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Finally, CIBC reissued a “market perform” rating and issued a $77.00 price target 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 four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.90.
Bob Evans Farms (BOBE) traded down 0.50% during midday trading on Friday, reaching $67.17. 142,959 shares of the company’s stock traded hands. The company’s 50-day moving average price is $70.19 and its 200 day moving average price is $63.11. Bob Evans Farms has a 52 week low of $35.76 and a 52 week high of $75.34. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.69 and a beta of 0.55.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, June 12th were paid a $0.34 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.36 annualized dividend and a dividend yield of 2.01%. Bob Evans Farms’s payout ratio is 21.69%.
In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of Bob Evans Farms stock in a transaction 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 sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Bob Evans Farms by 7,979.3% in the first quarter. BlackRock Inc. now owns 2,951,515 shares of the restaurant operator’s stock worth $191,465,000 after buying an additional 2,914,983 shares in the last quarter. Vanguard Group Inc. increased its stake in Bob Evans Farms by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock worth $175,451,000 after buying an additional 80,068 shares in the last quarter. State Street Corp increased its stake in Bob Evans Farms by 1.8% in the first quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock worth $34,473,000 after buying an additional 9,181 shares in the last quarter. Victory Capital Management Inc. increased its stake in Bob Evans Farms by 4,068.0% in the first quarter. Victory Capital Management Inc. now owns 505,407 shares of the restaurant operator’s stock worth $32,786,000 after buying an additional 493,281 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Bob Evans Farms during the first quarter worth $22,705,000. Hedge funds and other institutional investors own 78.36% of the company’s stock.
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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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