Bob Evans Farms, Inc. (NASDAQ:BOBE) was downgraded by investment analysts at Maxim Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $77.00 price objective on the restaurant operator’s stock. Maxim Group’s price target points to a potential downside of 0.63% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Monday, September 4th. CIBC reissued a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. BidaskClub downgraded shares of Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Finally, Berenberg Bank started coverage on shares of Bob Evans Farms in a research report on Wednesday, July 19th. They set a “buy” rating and a $77.00 price target for the company. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bob Evans Farms currently has a consensus rating of “Hold” and a consensus target price of $76.05.

Bob Evans Farms (NASDAQ:BOBE) opened at 77.49 on Tuesday. The stock has a 50 day moving average of $67.41 and a 200 day moving average of $67.17. The firm has a market cap of $1.55 billion, a PE ratio of 12.58 and a beta of 0.55. Bob Evans Farms has a one year low of $36.88 and a one year high of $78.18.

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, meeting analysts’ consensus estimates of $0.37. The company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.29 million. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The business’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that Bob Evans Farms will post $2.18 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in BOBE. Teachers Advisors LLC boosted its holdings in Bob Evans Farms by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 33,489 shares of the restaurant operator’s stock worth $1,782,000 after purchasing an additional 538 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Bob Evans Farms by 8.5% in the first quarter. Great West Life Assurance Co. Can now owns 28,545 shares of the restaurant operator’s stock worth $1,851,000 after purchasing an additional 2,241 shares during the period. US Bancorp DE boosted its holdings in Bob Evans Farms by 75.6% in the first quarter. US Bancorp DE now owns 5,531 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 2,381 shares during the period. Comerica Bank boosted its holdings in Bob Evans Farms by 3.8% in the first quarter. Comerica Bank now owns 19,698 shares of the restaurant operator’s stock worth $1,308,000 after purchasing an additional 714 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in Bob Evans Farms in the first quarter worth $580,000. 76.85% 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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