Old Mutual Global Investors UK Ltd. Buys 10,598 Shares of Bob Evans Farms, Inc. (BOBE)
Old Mutual Global Investors UK Ltd. boosted its stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 942.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,723 shares of the restaurant operator’s stock after purchasing an additional 10,598 shares during the period. Old Mutual Global Investors UK Ltd. owned about 0.06% of Bob Evans Farms worth $842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Bob Evans Farms in the first quarter valued at $105,000. PNC Financial Services Group Inc. increased its holdings in Bob Evans Farms by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 68 shares during the period. Creative Planning grew its holdings in Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 761 shares during the period. State of Alaska Department of Revenue grew its holdings in Bob Evans Farms by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 2,180 shares of the restaurant operator’s stock worth $141,000 after acquiring an additional 40 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in Bob Evans Farms during the 2nd quarter worth about $251,000. Institutional investors and hedge funds own 77.63% of the company’s stock.
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In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total transaction of $501,970.00. Following the transaction, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.
BOBE has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $72.00 price target on shares of Bob Evans Farms in a report on Friday. Sidoti initiated coverage on Bob Evans Farms in a report on Wednesday, August 23rd. They set a “neutral” rating and a $76.00 price target for the company. Berenberg Bank initiated coverage on Bob Evans Farms in a report on Wednesday, July 19th. They set a “buy” rating and a $77.00 price target for the company. Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Maxim Group reiterated a “buy” rating and set a $77.00 price target on shares of Bob Evans Farms in a report on Wednesday, August 30th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.77.
Shares of Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 66.27 on Monday. Bob Evans Farms, Inc. has a one year low of $36.88 and a one year high of $75.34. The firm has a market capitalization of $1.32 billion, a P/E ratio of 10.54 and a beta of 0.55. The firm’s 50-day moving average price is $66.87 and its 200-day moving average price is $66.31.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, equities analysts forecast that Bob Evans Farms, Inc. will post $2.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Monday, September 4th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, August 30th. Bob Evans Farms’s dividend payout ratio is currently 22.08%.
Bob Evans Farms 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.
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