Bob Evans Farms Inc (BOBE) Receives Average Rating of “Hold” from Analysts

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.

The firm has a market capitalization of $1,540.00, a P/E ratio of 11.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63. Bob Evans Farms has a 12-month low of $47.28 and a 12-month high of $79.70.

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.

COPYRIGHT VIOLATION NOTICE: “Bob Evans Farms Inc (BOBE) Receives Average Rating of “Hold” from Analysts” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/02/bob-evans-farms-inc-bobe-receives-average-rating-of-hold-from-analysts.html.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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

Leave a Reply