Bob Evans Farms (BOBE) Downgraded to Hold at ValuEngine

Bob Evans Farms (NASDAQ:BOBE) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Monday, September 4th. Maxim Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Bob Evans Farms in a research report on Wednesday, August 30th. Oppenheimer reaffirmed a “hold” rating and set a $72.00 price objective on shares of Bob Evans Farms in a research report on Friday, September 8th. William Blair lowered shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. Finally, CJS Securities initiated coverage on shares of Bob Evans Farms in a research report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $76.05.

Shares of Bob Evans Farms (BOBE) traded down $0.70 on Friday, reaching $77.34. 199,167 shares of the company traded hands, compared to its average volume of 268,669. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 33.77 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.11. Bob Evans Farms has a 52-week low of $45.24 and a 52-week high of $78.24.

Large investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its position in shares of Bob Evans Farms by 60.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 528 shares during the period. Quantbot Technologies LP bought a new position in shares of Bob Evans Farms in the second quarter valued at approximately $101,000. Ameritas Investment Partners Inc. grew its stake in shares of 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 worth $125,000 after acquiring an additional 115 shares during the last quarter. Creative Planning grew its stake in shares of Bob Evans Farms by 65.4% in the second quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 761 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Bob Evans Farms by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 864 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Bob Evans Farms (BOBE) Downgraded to Hold at ValuEngine” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/03/bob-evans-farms-bobe-downgraded-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply