Bob Evans Farms Inc (NASDAQ:BOBE) hit a new 52-week high on Tuesday . The stock traded as high as $78.50 and last traded at $78.20, with a volume of 318800 shares. The stock had previously closed at $78.12.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Monday, September 4th. Sidoti assumed coverage on Bob Evans Farms in a research note on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective on the stock. Maxim Group reissued a “buy” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research note on Wednesday, August 30th. William Blair cut Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Friday, September 22nd. Finally, BidaskClub cut Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.05.

The firm has a market cap of $1,560.00, a P/E ratio of 37.60 and a beta of 0.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.13.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The company had revenue of $117.63 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. research analysts expect that Bob Evans Farms Inc will post 2.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, December 8th. This represents a $1.36 annualized dividend and a yield of 1.74%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 106.25%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Bob Evans Farms by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock worth $195,492,000 after purchasing an additional 16,931 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Bob Evans Farms by 65.4% in the 2nd quarter. Victory Capital Management Inc. now owns 835,743 shares of the restaurant operator’s stock worth $60,031,000 after purchasing an additional 330,336 shares in the last quarter. Northern Trust Corp boosted its position in shares of Bob Evans Farms by 1.9% in the 2nd quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator’s stock worth $53,530,000 after purchasing an additional 13,564 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bob Evans Farms by 405.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 721,350 shares of the restaurant operator’s stock worth $55,955,000 after purchasing an additional 578,696 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Bob Evans Farms by 2.0% in the 2nd quarter. State Street Corp now owns 541,902 shares of the restaurant operator’s stock worth $38,923,000 after purchasing an additional 10,440 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.

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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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