Bob Evans Farms Inc (NASDAQ:BOBE)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $79.10 and last traded at $78.89, with a volume of 247400 shares trading hands. The stock had previously closed at $78.88.

Several equities analysts recently commented on the stock. Maxim Group cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research note on Tuesday, September 19th. Berenberg Bank cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $77.00 in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Monday, September 4th. BidaskClub cut shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Finally, CJS Securities assumed coverage on shares of Bob Evans Farms in a research note on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $76.05.

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.13. The stock has a market capitalization of $1,570.00, a P/E ratio of 61.63 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. The business had revenue of $117.63 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the previous year, the company earned $0.56 EPS. analysts anticipate that Bob Evans Farms Inc will post 2.21 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 11th were paid a $0.34 dividend. The ex-dividend date was Friday, December 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.72%. Bob Evans Farms’s dividend payout ratio is presently 106.25%.

A number of hedge funds have recently added to or reduced their stakes in BOBE. Quantbot Technologies LP purchased a new stake in shares of Bob Evans Farms in the 2nd quarter valued at $101,000. Flinton Capital Management LLC boosted its stake 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 valued at $101,000 after purchasing an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Bob Evans Farms by 7.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 115 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Bob Evans Farms by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 864 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Bob Evans Farms in the 3rd quarter valued at $212,000. 77.87% of the stock is owned by institutional investors and hedge funds.

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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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