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.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/09/08/bob-evans-farms-inc-bobe-given-hold-rating-at-oppenheimer-holdings-inc.html.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

Receive News & Ratings for Bob Evans Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms Inc. and related companies with MarketBeat.com's FREE daily email newsletter.