Bob Evans Farms Inc. (BOBE) to Issue Quarterly Dividend of $0.34
Bob Evans Farms Inc. (NASDAQ:BOBE) declared a quarterly dividend on Tuesday, November 29th. Investors of record on Monday, December 12th will be paid a dividend of 0.34 per share on Friday, December 23rd. This represents a $1.36 annualized dividend and a yield of 3.06%.
Bob Evans Farms (NASDAQ:BOBE) opened at 44.51 on Wednesday. The company’s 50-day moving average is $41.70 and its 200 day moving average is $40.07. Bob Evans Farms has a 12 month low of $35.63 and a 12 month high of $48.24. The firm has a market cap of $879.78 million, a P/E ratio of 31.72 and a beta of 0.39.
Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Bob Evans Farms had a return on equity of 17.38% and a net margin of 2.20%. The firm had revenue of $306.30 million for the quarter, compared to analyst estimates of $310.89 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts expect that Bob Evans Farms will post $2.11 EPS for the current fiscal year.
BOBE has been the topic of a number of recent research reports. Zacks Investment Research raised Bob Evans Farms from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 16th. TheStreet raised Bob Evans Farms from a “hold” rating to a “buy” rating in a research note on Friday, November 25th. Finally, Maxim Group cut their price objective on Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.20.
A number of institutional investors have recently modified their holdings of the stock. Invictus RG acquired a new position in shares of Bob Evans Farms during the second quarter valued at about $154,000. Jefferies Group LLC acquired a new position in shares of Bob Evans Farms during the second quarter valued at about $216,000. Clinton Group Inc. acquired a new position in shares of Bob Evans Farms during the second quarter valued at about $245,000. Advisor Group Inc. acquired a new position in shares of Bob Evans Farms during the second quarter valued at about $257,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Bob Evans Farms by 6.8% in the second quarter. Thrivent Financial for Lutherans now owns 9,690 shares of the company’s stock valued at $368,000 after buying an additional 620 shares during the period. 79.17% of the stock is currently owned by hedge funds and other 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.
Receive News & Stock Ratings for Bob Evans Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms Inc. and related stocks with our FREE daily email newsletter.