Wells Fargo & Company MN increased its stake in shares of Bob Evans Farms Inc (NASDAQ:BOBE) by 28.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,395 shares of the restaurant operator’s stock after purchasing an additional 5,582 shares during the quarter. Wells Fargo & Company MN’s holdings in Bob Evans Farms were worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Bob Evans Farms by 0.6% during the second 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. Northern Trust Corp boosted its position in Bob Evans Farms by 1.9% during the second 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 Bob Evans Farms by 405.7% during the third 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. State Street Corp boosted its position in Bob Evans Farms by 2.0% during the second 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. Finally, DekaBank Deutsche Girozentrale boosted its position in Bob Evans Farms by 70.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 372,660 shares of the restaurant operator’s stock worth $24,983,000 after purchasing an additional 153,760 shares in the last quarter. 77.87% of the stock is currently owned by hedge funds and other institutional investors.

BOBE has been the topic of a number of recent analyst reports. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and lowered their price target for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. Maxim Group reiterated a “hold” rating on shares of Bob Evans Farms in a research report on Thursday, January 11th. ValuEngine downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, William Blair downgraded Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Bob Evans Farms has an average rating of “Hold” and an average target price of $76.05.

Bob Evans Farms Inc (NASDAQ:BOBE) opened at $77.01 on Thursday. The firm has a market capitalization of $1,544.04, a P/E ratio of 12.30 and a beta of 0.54. Bob Evans Farms Inc has a 1 year low of $47.28 and a 1 year high of $79.70. 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 released its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $117.63 million for the quarter, compared to the consensus estimate of $117.10 million. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. During the same quarter last year, the business posted $0.56 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Monday, December 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 21.73%.

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

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