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.
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