California State Teachers Retirement System Sells 4,057 Shares of Bob Evans Farms, Inc. (BOBE)

California State Teachers Retirement System lowered its position in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,076 shares of the restaurant operator’s stock after selling 4,057 shares during the quarter. California State Teachers Retirement System owned 0.18% of Bob Evans Farms worth $2,520,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BOBE. UBS Asset Management Americas Inc. acquired a new position in Bob Evans Farms during the 1st quarter worth approximately $580,000. Teachers Advisors LLC boosted its position in Bob Evans Farms by 4.4% during the 1st quarter. Teachers Advisors LLC now owns 34,952 shares of the restaurant operator’s stock worth $2,267,000 after acquiring an additional 1,463 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Bob Evans Farms by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after acquiring an additional 68 shares during the last quarter. Legal & General Group Plc boosted its position in Bob Evans Farms by 3.1% during the 1st quarter. Legal & General Group Plc now owns 35,455 shares of the restaurant operator’s stock worth $2,300,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Bob Evans Farms by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock worth $175,451,000 after acquiring an additional 80,068 shares during the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

BOBE has been the subject of a number of recent research reports. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Monday, September 4th. Sidoti assumed coverage on Bob Evans Farms in a report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective for the company. Maxim Group reissued a “buy” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a report on Wednesday, August 30th. William Blair downgraded Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday, September 22nd. Finally, BidaskClub downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.05.

Shares of Bob Evans Farms, Inc. (NASDAQ BOBE) opened at $77.44 on Friday. Bob Evans Farms, Inc. has a twelve month low of $42.69 and a twelve month high of $78.18. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1,546.86, a P/E ratio of 33.82 and a beta of 0.55.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same quarter in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. analysts forecast that Bob Evans Farms, Inc. will post 2.21 earnings per share for the current year.

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Bob Evans Farms Company Profile

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.

Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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