Bob Evans Farms Inc (NASDAQ:BOBE) has received an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $77.40.
Several brokerages recently weighed in on BOBE. BidaskClub cut Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Maxim Group reiterated a “hold” rating on shares of Bob Evans Farms in a research report on Thursday, January 11th. Finally, ValuEngine cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.72. Bob Evans Farms has a one year low of $47.28 and a one year high of $79.70. The firm has a market capitalization of $1,540.00, a P/E ratio of 11.31 and a beta of 0.54.
Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $117.63 million during the quarter, compared to the consensus estimate of $117.10 million. Bob Evans Farms had a return on equity of 5.14% and a net margin of 1.91%. During the same quarter in the previous year, the company posted $0.56 earnings per share.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its position in Bob Evans Farms by 7.1% during the second 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. Amalgamated Bank purchased a new stake in shares of Bob Evans Farms in the third quarter valued at approximately $212,000. Sei Investments Co. increased its position in shares of Bob Evans Farms by 39,937.5% in the third quarter. Sei Investments Co. now owns 3,203 shares of the restaurant operator’s stock valued at $247,000 after buying an additional 3,195 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Bob Evans Farms by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,610 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 29 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Bob Evans Farms in the third quarter valued at approximately $302,000. Institutional investors own 77.87% of the company’s stock.
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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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