Bob Evans Farms (BOBE) Stock Rating Reaffirmed by Maxim Group
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.
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