Shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $77.33.
Several equities research analysts have recently weighed in on BOBE shares. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Monday, September 4th. Maxim Group reissued a “buy” rating and issued a $77.00 target price on shares of Bob Evans Farms in a research note on Wednesday, August 30th. Oppenheimer Holdings, Inc. reissued a “hold” rating and issued a $72.00 target price on shares of Bob Evans Farms in a research note on Friday, September 8th. William Blair downgraded shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Friday, September 22nd. Finally, BidaskClub downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC grew its holdings in shares of Bob Evans Farms by 7.9% in the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock worth $384,000 after purchasing an additional 389 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Bob Evans Farms during the 2nd quarter worth about $307,000. State Street Corp grew its holdings in Bob Evans Farms by 1.8% during the 1st quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock worth $34,473,000 after acquiring an additional 9,181 shares in the last quarter. Citigroup Inc. grew its holdings in Bob Evans Farms by 1,199.4% during the 2nd quarter. Citigroup Inc. now owns 14,163 shares of the restaurant operator’s stock worth $1,018,000 after acquiring an additional 13,073 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Bob Evans Farms by 99.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 127,410 shares of the restaurant operator’s stock worth $9,152,000 after acquiring an additional 63,486 shares in the last quarter. Hedge funds and other institutional investors own 81.75% of the company’s stock.
Shares of Bob Evans Farms (NASDAQ BOBE) traded down $0.10 on Friday, hitting $77.55. 226,411 shares of the stock traded hands, compared to its average volume of 290,492. Bob Evans Farms has a 1-year low of $43.13 and a 1-year high of $78.18. The stock has a market capitalization of $1,549.06, a P/E ratio of 33.87 and a beta of 0.55. The company has a current ratio of 1.11, a quick ratio of 0.83 and a debt-to-equity ratio of 0.52.
Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.29 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. sell-side analysts forecast that Bob Evans Farms will post 2.21 EPS for the current year.
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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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