Dimensional Fund Advisors LP Boosts Stake in Bob Evans Farms Inc (BOBE)
Dimensional Fund Advisors LP increased its position in shares of Bob Evans Farms Inc (NASDAQ:BOBE) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 909,001 shares of the restaurant operator’s stock after buying an additional 111 shares during the period. Dimensional Fund Advisors LP owned approximately 4.60% of Bob Evans Farms worth $58,967,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Bob Evans Farms by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock worth $175,451,000 after buying an additional 80,068 shares in the last quarter. State Street Corp raised its position in shares of Bob Evans Farms by 12.0% in the fourth quarter. State Street Corp now owns 522,281 shares of the restaurant operator’s stock worth $27,786,000 after buying an additional 56,056 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Bob Evans Farms by 4,068.0% in the first quarter. Victory Capital Management Inc. now owns 505,407 shares of the restaurant operator’s stock worth $32,786,000 after buying an additional 493,281 shares in the last quarter. Norges Bank acquired a new position in shares of Bob Evans Farms during the fourth quarter worth $13,852,000. Finally, Geode Capital Management LLC raised its position in shares of Bob Evans Farms by 5.2% in the first quarter. Geode Capital Management LLC now owns 171,888 shares of the restaurant operator’s stock worth $11,150,000 after buying an additional 8,444 shares in the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.
Bob Evans Farms Inc (NASDAQ:BOBE) traded down 0.95% during trading on Thursday, reaching $66.84. 214,867 shares of the company’s stock were exchanged. The company has a market capitalization of $1.33 billion, a PE ratio of 12.31 and a beta of 0.55. The company’s 50-day moving average is $69.41 and its 200-day moving average is $64.26. Bob Evans Farms Inc has a 1-year low of $35.76 and a 1-year high of $75.34.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. Bob Evans Farms had a return on equity of 9.88% and a net margin of 6.76%. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. During the same period last year, the company earned $0.48 EPS. Bob Evans Farms’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities research analysts expect that Bob Evans Farms Inc will post $2.19 earnings per share for the current fiscal year.
A number of research firms have recently commented on BOBE. BidaskClub upgraded Bob Evans Farms from a “hold” rating to a “buy” rating in a report on Wednesday. Berenberg Bank began coverage on Bob Evans Farms in a report on Wednesday, July 19th. They set a “buy” rating and a $77.00 price objective for the company. Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Maxim Group upped their price objective on Bob Evans Farms from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating and set a $77.00 price objective on shares of Bob Evans Farms in a report on Monday, June 5th. Five investment 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 “Hold” and an average target price of $73.90.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of Bob Evans Farms stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total value of $501,970.00. Following the completion of the sale, the senior vice president now directly owns 4,367 shares in the company, valued at approximately $308,746.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.
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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