Brokerages predict that Bob Evans Farms, Inc. (NASDAQ:BOBE) will post $0.35 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bob Evans Farms’ earnings. Bob Evans Farms posted earnings of $0.56 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 37.5%. The company is scheduled to issue its next quarterly earnings report on Monday, December 4th.

According to Zacks, analysts expect that Bob Evans Farms will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.22. For the next fiscal year, analysts forecast that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Bob Evans Farms.

Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The company had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year.

A number of analysts recently weighed in on the company. William Blair downgraded Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. CJS Securities assumed coverage on Bob Evans Farms in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 target price for the company. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. Maxim Group downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 target price for the company. in a research report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, September 13th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.05.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position 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 valued at $191,465,000 after purchasing an additional 2,914,983 shares during the last quarter. Vanguard Group Inc. lifted its position in Bob Evans Farms by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock valued at $195,492,000 after purchasing an additional 16,931 shares during the last quarter. Victory Capital Management Inc. lifted its position in Bob Evans Farms by 65.4% in the second quarter. Victory Capital Management Inc. now owns 835,743 shares of the restaurant operator’s stock valued at $60,031,000 after purchasing an additional 330,336 shares during the last quarter. Northern Trust Corp lifted its position in Bob Evans Farms by 1.9% in the second quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator’s stock valued at $53,530,000 after purchasing an additional 13,564 shares during the last quarter. Finally, State Street Corp lifted its position in Bob Evans Farms by 2.0% in the second quarter. State Street Corp now owns 541,902 shares of the restaurant operator’s stock valued at $38,923,000 after purchasing an additional 10,440 shares during the last quarter. Hedge funds and other institutional investors own 76.69% of the company’s stock.

Bob Evans Farms (NASDAQ BOBE) opened at 77.20 on Tuesday. Bob Evans Farms has a 52-week low of $39.89 and a 52-week high of $78.18. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.53 and a beta of 0.57. The stock’s 50 day moving average price is $74.86 and its 200 day moving average price is $69.92.

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

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