Bob Evans Farms, Inc. (NASDAQ:BOBE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.10-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.17. The company issued revenue guidance of $474-486 million, compared to the consensus revenue estimate of $472.37 million.

Several brokerages have recently commented on BOBE. BidaskClub upgraded Bob Evans Farms from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. restated a market perform rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday, June 5th. Zacks Investment Research upgraded Bob Evans Farms from a sell rating to a hold rating in a research report on Friday, August 4th. Maxim Group boosted their price objective on Bob Evans Farms from $74.00 to $80.00 and gave the company a buy rating in a research report on Tuesday, June 13th. Finally, CIBC restated a market perform rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday, June 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bob Evans Farms presently has an average rating of Hold and a consensus price target of $73.77.

Shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) opened at 68.78 on Friday. The company has a 50 day moving average price of $66.89 and a 200-day moving average price of $65.96. Bob Evans Farms, Inc. has a 52-week low of $36.88 and a 52-week high of $75.34. The stock has a market capitalization of $1.37 billion, a P/E ratio of 10.94 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The company had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same period in the previous year, the firm posted $0.48 EPS. Bob Evans Farms’s revenue was up 27.2% compared to the same quarter last year. On average, analysts predict that Bob Evans Farms, Inc. will post $2.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Monday, September 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, August 30th. Bob Evans Farms’s payout ratio is 22.08%.

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 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 legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

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Bob Evans Farms Company Profile

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.

Earnings History and Estimates for Bob Evans Farms (NASDAQ:BOBE)

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