Bob Evans Farms (NASDAQ:BOBE) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other research analysts also recently commented 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 report on Monday, September 4th. Sidoti started coverage on shares of Bob Evans Farms in a report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price target for the company. Maxim Group reaffirmed a “buy” rating and issued a $77.00 price target on shares of Bob Evans Farms in a report on Wednesday, August 30th. William Blair downgraded shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday, September 22nd. Finally, CJS Securities started coverage on shares of Bob Evans Farms in a report on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $76.05.

Bob Evans Farms (BOBE) traded down $0.70 on Friday, hitting $77.34. 199,167 shares of the company’s stock traded hands, compared to its average volume of 353,873. Bob Evans Farms has a twelve month low of $45.24 and a twelve month high of $78.24. The company has a market cap of $1,560.00, a P/E ratio of 33.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.83.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 EPS for the quarter, meeting 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 business had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.29 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue was up 27.2% on a year-over-year basis. analysts forecast that Bob Evans Farms will post 2.21 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Bob Evans Farms in the second quarter worth about $101,000. Flinton Capital Management LLC lifted its stake in Bob Evans Farms by 60.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 528 shares during the last quarter. 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 worth $125,000 after purchasing an additional 115 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. Finally, 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. 77.98% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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