Crossmark Global Holdings Inc. Purchases New Stake in Bob Evans Farms, Inc. (NASDAQ:BOBE)

Crossmark Global Holdings Inc. purchased a new position in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,569 shares of the restaurant operator’s stock, valued at approximately $354,000.

Several other hedge funds have also modified their holdings of BOBE. Teachers Advisors LLC raised 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 valued at $2,267,000 after purchasing an additional 1,463 shares in the last quarter. Bank of America Corp DE raised its position in Bob Evans Farms by 14.2% during the 1st quarter. Bank of America Corp DE now owns 44,874 shares of the restaurant operator’s stock valued at $2,911,000 after purchasing an additional 5,589 shares in the last quarter. State Street Corp raised its position 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 valued at $34,473,000 after purchasing an additional 9,181 shares in the last quarter. Creative Planning raised its position in Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock valued at $138,000 after purchasing an additional 761 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Bob Evans Farms by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,904 shares of the restaurant operator’s stock valued at $280,000 after purchasing an additional 1,724 shares in the last quarter. 77.75% of the stock is owned by hedge funds and other institutional investors.

Bob Evans Farms, Inc. (BOBE) opened at $77.36 on Tuesday. Bob Evans Farms, Inc. has a one year low of $45.49 and a one year high of $78.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.11. The firm has a market capitalization of $1,550.45, a price-to-earnings ratio of 33.77 and a beta of 0.54.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, December 8th. This represents a $1.36 annualized dividend and a yield of 1.76%. Bob Evans Farms’s dividend payout ratio (DPR) is 22.08%.

A number of brokerages have weighed in on BOBE. Maxim Group lowered Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 target price for the company. in a research report on Tuesday, September 19th. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and cut their price target for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Monday, September 4th. BidaskClub downgraded Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, CJS Securities started coverage on Bob Evans Farms in a report on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Bob Evans Farms has a consensus rating of “Hold” and a consensus target price of $76.05.

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Bob Evans Farms 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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