Bob Evans Farms, Inc. (NASDAQ:BOBE)‘s stock had its “buy” rating restated by equities research analysts at Maxim Group in a report issued on Wednesday. They currently have a $77.00 price objective on the restaurant operator’s stock. Maxim Group’s price objective indicates a potential upside of 11.93% from the company’s current price.

The analysts wrote, “Bob Evans Farms (BOBE) reported F1Q18 (July) pro forma EPS of $0.37, which were in line with our $0.37 estimate and the $0.37 Street mean. Margins missed our estimates, though this was offset by strong top-line growth, which was highlighted by 18% y/y growth in the side dish business excluding the Pineland Farms acquisition.””

A number of other research firms also recently weighed in on BOBE. Sidoti started coverage on Bob Evans Farms in a research note on Wednesday, August 23rd. They set a “neutral” rating and a $76.00 price target on the stock. Berenberg Bank started coverage on Bob Evans Farms in a research note on Wednesday, July 19th. They set a “buy” rating and a $77.00 price target on the stock. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. CIBC reissued a “market perform” rating and set a $77.00 price objective on shares of Bob Evans Farms in a report on Monday, June 5th. Finally, William Blair started coverage on Bob Evans Farms in a report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price objective for the company. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $73.77.

Bob Evans Farms (NASDAQ BOBE) opened at 68.78 on Wednesday. The firm has a 50-day moving average price of $66.89 and a 200-day moving average price of $65.96. Bob Evans Farms has a 1-year low of $36.88 and a 1-year high of $75.34. The company 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 results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.29 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. On average, analysts forecast that Bob Evans Farms will post $2.19 EPS for the current fiscal year.

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In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total transaction of $501,970.00. Following the completion of the sale, the senior vice president now directly owns 4,367 shares of the company’s stock, valued at approximately $308,746.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Bob Evans Farms by 7,979.3% in the first quarter. BlackRock Inc. now owns 2,951,515 shares of the restaurant operator’s stock worth $191,465,000 after buying an additional 2,914,983 shares in the last quarter. Victory Capital Management Inc. raised its stake 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. Tudor Investment Corp ET AL acquired a new position in Bob Evans Farms during the first quarter valued at about $22,705,000. Balyasny Asset Management LLC acquired a new position in Bob Evans Farms during the second quarter valued at about $19,139,000. Finally, Blair William & Co. IL acquired a new position in Bob Evans Farms during the second quarter valued at about $15,751,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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