California Public Employees Retirement System Sells 4,500 Shares of Bob Evans Farms Inc. (BOBE)
California Public Employees Retirement System reduced its stake in shares of Bob Evans Farms Inc. (NASDAQ:BOBE) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,758 shares of the company’s stock after selling 4,500 shares during the period. California Public Employees Retirement System owned 0.50% of Bob Evans Farms worth $3,782,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Springbok Capital Management LLC acquired a new stake in Bob Evans Farms during the first quarter valued at $107,000. Boothbay Fund Management LLC boosted its stake in Bob Evans Farms by 37.7% in the first quarter. Boothbay Fund Management LLC now owns 9,923 shares of the company’s stock valued at $463,000 after buying an additional 2,717 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Bob Evans Farms by 38.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,313 shares of the company’s stock valued at $391,000 after buying an additional 2,870 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Bob Evans Farms by 0.3% in the second quarter. Capstone Asset Management Co. now owns 6,929 shares of the company’s stock valued at $263,000 after buying an additional 20 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Bob Evans Farms by 1,782.9% in the second quarter. Acadian Asset Management LLC now owns 66,900 shares of the company’s stock valued at $2,539,000 after buying an additional 63,347 shares during the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.
Shares of Bob Evans Farms Inc. (NASDAQ:BOBE) traded up 0.31% during midday trading on Wednesday, reaching $44.65. The company’s stock had a trading volume of 283,334 shares. The company’s 50-day moving average price is $41.70 and its 200 day moving average price is $40.07. The firm has a market capitalization of $882.55 million, a PE ratio of 31.82 and a beta of 0.39. Bob Evans Farms Inc. has a 1-year low of $35.63 and a 1-year high of $48.24.
Bob Evans Farms (NASDAQ:BOBE) last posted its earnings results on Wednesday, August 31st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $306.30 million during the quarter, compared to analyst estimates of $310.89 million. During the same quarter last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Bob Evans Farms Inc. will post $2.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Monday, December 12th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.05%. Bob Evans Farms’s dividend payout ratio (DPR) is currently 97.14%.
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Several research firms recently weighed in on BOBE. Zacks Investment Research cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Maxim Group reduced their price objective on Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Finally, TheStreet upgraded Bob Evans Farms from a “hold” rating to a “buy” rating in a research note on Friday, November 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.20.
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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