Bob Evans Farms, Inc. (NASDAQ:BOBE) had its price objective lowered by equities researchers at Maxim Group from $80.00 to $77.00 in a research note issued on Friday. The firm presently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 16.17% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Berenberg Bank started coverage on shares of Bob Evans Farms in a research report on Wednesday, July 19th. They set a “buy” rating and a $77.00 target price for the company. BidaskClub lowered shares of Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. CIBC restated a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bob Evans Farms presently has a consensus rating of “Hold” and a consensus target price of $73.40.

Shares of Bob Evans Farms (NASDAQ BOBE) opened at 66.28 on Friday. Bob Evans Farms has a 12 month low of $36.70 and a 12 month high of $75.34. The stock’s 50 day moving average price is $68.12 and its 200-day moving average price is $65.35. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.54 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $99.90 million during the quarter, compared to analyst estimates of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Equities analysts forecast that Bob Evans Farms will post $2.19 earnings per share for the current fiscal year.

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In other news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total value of $501,970.00. Following the completion of the transaction, the senior vice president now directly owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of 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 valued at $191,465,000 after buying an additional 2,914,983 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of 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 valued at $32,786,000 after buying an additional 493,281 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bob Evans Farms by 26.4% in the second quarter. Vanguard Group Inc. now owns 2,071,322 shares of the restaurant operator’s stock valued at $78,607,000 after buying an additional 432,659 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of Bob Evans Farms by 3,817.2% in the second quarter. BlackRock Advisors LLC now owns 382,989 shares of the restaurant operator’s stock valued at $14,534,000 after buying an additional 373,212 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Bob Evans Farms during the first quarter valued at about $22,705,000. Institutional investors own 81.68% 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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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