$117.10 Million in Sales Expected for Bob Evans Farms, Inc. (BOBE) This Quarter
Equities analysts expect Bob Evans Farms, Inc. (NASDAQ:BOBE) to report $117.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bob Evans Farms’ earnings. The highest sales estimate is $118.80 million and the lowest is $115.39 million. Bob Evans Farms posted sales of $315.96 million in the same quarter last year, which suggests a negative year over year growth rate of 62.9%. The business 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 sales of $117.10 million for the current fiscal year, with estimates ranging from $479.95 million to $482.00 million. For the next fiscal year, analysts expect that the business will report sales of $508.62 million per share, with estimates ranging from $506.10 million to $511.14 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Bob Evans Farms.
Bob Evans Farms (NASDAQ:BOBE) last posted 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. The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS.
BOBE has been the topic of a number of analyst reports. BidaskClub lowered Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Berenberg Bank initiated coverage on Bob Evans Farms in a research note on Wednesday, July 19th. They issued a “buy” rating and a $77.00 target price on the stock. Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Maxim Group decreased their target price on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Finally, Sidoti initiated coverage on Bob Evans Farms in a research note on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $76.05.
Bob Evans Farms (NASDAQ BOBE) traded down 0.03% on Thursday, reaching $77.21. The company’s stock had a trading volume of 184,901 shares. The firm has a 50 day moving average of $75.20 and a 200 day moving average of $70.07. Bob Evans Farms has a 12 month low of $39.89 and a 12 month high of $78.18. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 12.53 and a beta of 0.58.
Institutional investors and hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its holdings in shares of Bob Evans Farms by 60.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 528 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Bob Evans Farms in the 2nd quarter worth about $101,000. Ameritas Investment Partners Inc. purchased a new position in shares of Bob Evans Farms in the 1st quarter worth about $105,000. PNC Financial Services Group Inc. boosted its holdings in shares of Bob Evans Farms by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 68 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Bob Evans Farms by 65.4% in the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 761 shares in the last quarter. Hedge funds and other institutional investors own 76.69% 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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