Bob Evans Farms Inc. (BOBE) Raised to “Buy” at TheStreet
Bob Evans Farms Inc. (NASDAQ:BOBE) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research firms have also issued reports on BOBE. Zacks Investment Research raised shares of Bob Evans Farms from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Maxim Group lowered their price target on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.20.
Bob Evans Farms (NASDAQ:BOBE) traded down 0.53% during midday trading on Friday, hitting $44.72. The firm has a 50-day moving average price of $41.70 and a 200 day moving average price of $40.07. Bob Evans Farms has a one year low of $35.63 and a one year high of $48.24. The company has a market cap of $883.94 million, a price-to-earnings ratio of 31.87 and a beta of 0.39.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Bob Evans Farms had a net margin of 2.20% and a return on equity of 17.38%. The company earned $306.30 million during the quarter, compared to analyst estimates of $310.89 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts anticipate that Bob Evans Farms will post $2.11 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in BOBE. Price T Rowe Associates Inc. MD raised its position in shares of Bob Evans Farms by 106.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 16,260 shares of the company’s stock valued at $623,000 after buying an additional 8,400 shares in the last quarter. Credit Suisse AG raised its position in shares of Bob Evans Farms by 43.1% in the third quarter. Credit Suisse AG now owns 34,482 shares of the company’s stock valued at $1,320,000 after buying an additional 10,385 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Bob Evans Farms during the third quarter valued at $149,000. The Manufacturers Life Insurance Company bought a new position in shares of Bob Evans Farms during the third quarter valued at $520,000. Finally, Weiss Asset Management LP bought a new position in shares of Bob Evans Farms during the third quarter valued at $229,000. 79.17% of the stock is 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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