California State Teachers Retirement System reduced its position in Bob Evans Farms Inc (NASDAQ:BOBE) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,755 shares of the restaurant operator’s stock after selling 3,321 shares during the period. California State Teachers Retirement System owned about 0.16% of Bob Evans Farms worth $2,461,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOBE. Legal & General Group Plc increased its stake in Bob Evans Farms by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 38,562 shares of the restaurant operator’s stock valued at $2,770,000 after purchasing an additional 3,107 shares in the last quarter. Principal Financial Group Inc. increased its stake in Bob Evans Farms by 1.9% in the 2nd quarter. Principal Financial Group Inc. now owns 153,137 shares of the restaurant operator’s stock valued at $11,000,000 after purchasing an additional 2,908 shares in the last quarter. Swiss National Bank increased its stake in Bob Evans Farms by 6.8% in the 2nd quarter. Swiss National Bank now owns 31,300 shares of the restaurant operator’s stock valued at $2,248,000 after purchasing an additional 2,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Bob Evans Farms by 2.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,654 shares of the restaurant operator’s stock valued at $10,246,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Bob Evans Farms by 61.4% in the 2nd quarter. Alliancebernstein L.P. now owns 54,157 shares of the restaurant operator’s stock valued at $3,890,000 after purchasing an additional 20,600 shares in the last quarter. 77.87% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Maxim Group reaffirmed a “hold” rating on shares of Bob Evans Farms in a research note on Thursday. BidaskClub downgraded Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Wednesday. CJS Securities assumed coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price objective for the company. Berenberg Bank cut Bob Evans Farms from a “buy” rating to a “hold” rating and lowered their target price for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. Finally, ValuEngine cut Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.05.
Shares of Bob Evans Farms Inc (NASDAQ BOBE) opened at $77.01 on Friday. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 60.16 and a beta of 0.54. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Bob Evans Farms Inc has a fifty-two week low of $47.28 and a fifty-two week high of $79.70.
Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $117.63 million for the quarter, compared to analysts’ expectations of $117.10 million. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. During the same quarter in the prior year, the firm earned $0.56 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 11th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, December 8th. Bob Evans Farms’s dividend payout ratio (DPR) is presently 106.25%.
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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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