Piedmont Investment Advisors LLC bought a new stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,274 shares of the restaurant operator’s stock, valued at approximately $307,000.

A number of other large investors also recently added to or reduced their stakes in the business. 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 valued at $109,000 after buying an additional 68 shares during the period. Arizona State Retirement System lifted its stake in Bob Evans Farms by 1.0% in the first quarter. Arizona State Retirement System now owns 10,312 shares of the restaurant operator’s stock valued at $669,000 after buying an additional 100 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Bob Evans Farms by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 115 shares during the period. Texas Permanent School Fund lifted its stake in Bob Evans Farms by 0.8% in the second quarter. Texas Permanent School Fund now owns 14,431 shares of the restaurant operator’s stock valued at $1,037,000 after buying an additional 121 shares during the period. Finally, Aperio Group LLC raised its position in shares of Bob Evans Farms by 7.9% during the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock worth $384,000 after purchasing an additional 389 shares during the period. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Bob Evans Farms, Inc. (BOBE) opened at 77.34 on Monday. The firm has a market cap 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 price is $74.60 and its 200-day moving average price is $69.72. Bob Evans Farms, Inc. has a 52-week low of $39.89 and a 52-week high of $78.18.

Bob Evans Farms (NASDAQ:BOBE) last announced 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 the consensus estimate of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts forecast that Bob Evans Farms, Inc. will post $2.18 EPS for the current year.

BOBE has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $72.00 price target on shares of Bob Evans Farms in a research report on Friday, September 8th. Sidoti initiated coverage on Bob Evans Farms in a research report on Wednesday, August 23rd. They set a “neutral” rating and a $76.00 price target on the stock. Berenberg Bank initiated coverage on Bob Evans Farms in a research report 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 “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, September 13th. Finally, William Blair lowered Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.05.

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.

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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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