Bob Evans Farms Inc (NASDAQ:BOBE) was the target of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,244,606 shares, a growth of 35.8% from the December 15th total of 916,235 shares. Currently, 6.3% of the company’s shares are short sold. Based on an average daily volume of 304,430 shares, the days-to-cover ratio is presently 4.1 days.
BOBE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine cut Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Finally, Maxim Group restated a “hold” rating on shares of Bob Evans Farms in a report on Thursday, January 11th. One investment 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. Bob Evans Farms currently has a consensus rating of “Hold” and an average price target of $76.05.
A number of large investors have recently modified their holdings of BOBE. Quantbot Technologies LP bought a new position in Bob Evans Farms during the 2nd quarter valued at $101,000. Flinton Capital Management LLC lifted its stake in Bob Evans Farms by 60.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Bob Evans Farms by 7.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 115 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Bob Evans Farms by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 864 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Bob Evans Farms during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 77.87% of the company’s stock.
Bob Evans Farms has a 52 week low of $47.28 and a 52 week high of $79.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.13. The firm has a market capitalization of $1,540.00, a PE ratio of 11.31 and a beta of 0.54.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The business had revenue of $117.63 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period last year, the business earned $0.56 EPS.
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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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