Bob Evans Farms Inc. (BOBE) Given Average Recommendation of “Buy” by Brokerages
Shares of Bob Evans Farms Inc. (NASDAQ:BOBE) have earned an average recommendation of “Buy” from the six analysts that are currently covering the firm. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $51.25.
A number of equities research analysts have weighed in on BOBE shares. Maxim Group reduced their target price on Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Zacks Investment Research raised Bob Evans Farms from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 16th.
Bob Evans Farms (NASDAQ:BOBE) traded up 0.45% during midday trading on Monday, reaching $44.50. The company had a trading volume of 98,904 shares. The stock has a 50-day moving average price of $40.66 and a 200 day moving average price of $40.27. Bob Evans Farms has a 12-month low of $35.63 and a 12-month high of $48.24. The company has a market capitalization of $879.59 million, a PE ratio of 31.72 and a beta of 0.39.
Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Wednesday, August 31st. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $306.30 million for the quarter, compared to the consensus estimate of $310.89 million. Bob Evans Farms had a return on equity of 17.38% and a net margin of 2.20%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities analysts forecast that Bob Evans Farms will post $2.10 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Bob Evans Farms by 26.4% in the second quarter. Vanguard Group Inc. now owns 2,071,322 shares of the company’s stock valued at $78,607,000 after buying an additional 432,659 shares during the period. BlackRock Advisors LLC increased its stake in Bob Evans Farms by 3,817.2% in the second quarter. BlackRock Advisors LLC now owns 382,989 shares of the company’s stock valued at $14,534,000 after buying an additional 373,212 shares during the period. Eidelman Virant Capital purchased a new stake in Bob Evans Farms during the third quarter valued at $6,120,000. Riverhead Capital Management LLC increased its stake in Bob Evans Farms by 1,600.2% in the second quarter. Riverhead Capital Management LLC now owns 163,284 shares of the company’s stock valued at $21,206,000 after buying an additional 153,680 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Bob Evans Farms during the second quarter valued at $4,882,000. 74.29% of the stock is currently owned by institutional investors.
Bob Evans Farms Company Profile
Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States.
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