Citigroup Inc. Has $1.02 Million Holdings in Bob Evans Farms, Inc. (BOBE)
Citigroup Inc. boosted its position in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 1,199.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,163 shares of the restaurant operator’s stock after purchasing an additional 13,073 shares during the period. Citigroup Inc. owned approximately 0.07% of Bob Evans Farms worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BOBE. Ameritas Investment Partners Inc. bought a new stake in Bob Evans Farms in the first quarter worth about $105,000. PNC Financial Services Group Inc. lifted its stake 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 worth $109,000 after purchasing an additional 68 shares during the last quarter. Creative Planning lifted its stake in Bob Evans Farms by 65.4% in the second quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 761 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Bob Evans Farms by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 864 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Bob Evans Farms in the second quarter worth about $251,000. 76.85% of the stock is owned by institutional investors and hedge funds.
Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 77.32 on Friday. Bob Evans Farms, Inc. has a 12 month low of $37.70 and a 12 month high of $78.18. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.55 and a beta of 0.58. The stock’s 50 day moving average is $70.91 and its 200-day moving average is $68.61.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $102.29 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, equities research analysts expect that Bob Evans Farms, Inc. will post $2.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. Bob Evans Farms’s dividend payout ratio is currently 22.08%.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Maxim Group decreased their price objective on shares of Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Berenberg Bank downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Finally, Sidoti assumed coverage on shares of Bob Evans Farms in a research note on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $76.05.
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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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