Bob Evans Farms, Inc. (BOBE) Given Hold Rating at Oppenheimer Holdings Inc.
Bob Evans Farms, Inc. (NASDAQ:BOBE)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer Holdings Inc. in a research note issued on Friday. They presently have a $72.00 price objective on the restaurant operator’s stock. Oppenheimer Holdings Inc.’s target price would indicate a potential upside of 8.65% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Maxim Group lowered their target price on shares of Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Berenberg Bank began coverage on shares of Bob Evans Farms in a research note on Wednesday, July 19th. They issued a “buy” rating and a $77.00 price objective for the company. BidaskClub lowered shares of Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Finally, CIBC reissued a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research note on Monday, June 5th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Bob Evans Farms has a consensus rating of “Hold” and a consensus target price of $74.77.
Bob Evans Farms (NASDAQ:BOBE) traded up 0.14% during midday trading on Friday, hitting $66.27. 244,329 shares of the stock traded hands. Bob Evans Farms has a 12-month low of $36.88 and a 12-month high of $75.34. The firm has a market cap of $1.32 billion, a P/E ratio of 10.54 and a beta of 0.55. The company’s 50-day moving average is $66.91 and its 200 day moving average is $66.31.
Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The company had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. Bob Evans Farms’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts anticipate that Bob Evans Farms will post $2.19 EPS 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 owns 4,367 shares of the company’s stock, valued at $308,746.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Bob Evans Farms in the second quarter valued at approximately $727,000. Public Employees Retirement System of Ohio raised its holdings in Bob Evans Farms by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,610 shares of the restaurant operator’s stock valued at $259,000 after acquiring an additional 29 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Bob Evans Farms in the second quarter valued at approximately $307,000. Ameritas Investment Partners Inc. raised its holdings in Bob Evans Farms by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 115 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Bob Evans Farms by 924.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 73,886 shares of the restaurant operator’s stock valued at $5,307,000 after acquiring an additional 66,677 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
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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