Maxim Group reissued their hold rating on shares of Bob Evans Farms (NASDAQ:BOBE) in a research report sent to investors on Thursday morning.

BOBE has been the subject of a number of other reports. Zacks Investment Research cut Bob Evans Farms from a buy rating to a hold rating in a research note on Wednesday, November 8th. BidaskClub raised Bob Evans Farms from a strong sell rating to a sell rating in a research report on Thursday, January 4th. William Blair cut Bob Evans Farms from an outperform rating to a market perform rating in a research report on Friday, September 22nd. ValuEngine cut Bob Evans Farms from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, CJS Securities initiated coverage on Bob Evans Farms in a research report on Wednesday, September 20th. They set an outperform rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $76.05.

Bob Evans Farms (NASDAQ:BOBE) traded down $0.02 during trading hours on Thursday, reaching $77.01. The company’s stock had a trading volume of 1,569,400 shares, compared to its average volume of 723,388. Bob Evans Farms has a 1 year low of $47.28 and a 1 year high of $79.70. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1,544.04, a PE ratio of 12.30 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last posted its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The firm had revenue of $117.63 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the firm earned $0.56 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Monday, December 11th were given a dividend of $0.34 per share. The ex-dividend date was Friday, December 8th. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. Bob Evans Farms’s dividend payout ratio is currently 21.73%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in 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 valued at $863,000 after purchasing an additional 9,840 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Bob Evans Farms in the second quarter valued at approximately $307,000. Alps Advisors Inc. raised its stake in Bob Evans Farms by 74.7% in the third quarter. Alps Advisors Inc. now owns 10,645 shares of the restaurant operator’s stock valued at $825,000 after buying an additional 4,553 shares during the period. Gabelli Funds LLC bought a new stake in Bob Evans Farms in the third quarter valued at approximately $16,124,000. Finally, Gamco Investors INC. ET AL bought a new stake in Bob Evans Farms in the third quarter valued at approximately $3,963,000. 77.87% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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