Bob Evans Farms Inc (NASDAQ:BOBE) has earned an average recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $77.40.
Several equities research analysts recently commented on BOBE shares. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub lowered shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. ValuEngine lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Maxim Group reissued a “hold” rating on shares of Bob Evans Farms in a report on Thursday, January 11th.
Institutional investors have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC purchased a new stake in shares of Bob Evans Farms during the third quarter worth $1,170,000. Jane Street Group LLC grew its holdings in shares of Bob Evans Farms by 764.0% during the third quarter. Jane Street Group LLC now owns 11,128 shares of the restaurant operator’s stock worth $863,000 after buying an additional 9,840 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Bob Evans Farms during the second quarter worth $307,000. Alps Advisors Inc. grew its holdings in shares of Bob Evans Farms by 74.7% during the third quarter. Alps Advisors Inc. now owns 10,645 shares of the restaurant operator’s stock worth $825,000 after buying an additional 4,553 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Bob Evans Farms by 8.8% during the third quarter. Bamco Inc. NY now owns 62,000 shares of the restaurant operator’s stock worth $4,806,000 after buying an additional 5,000 shares in the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $117.63 million during the quarter, compared to analyst estimates of $117.10 million. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. During the same quarter in the previous year, the firm earned $0.56 EPS.
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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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