Shares of Bob Evans Farms Inc (NASDAQ:BOBE) have received a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. One investment 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. The average twelve-month target price among brokers that have covered the stock in the last year is $77.40.

BOBE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Finally, Maxim Group restated a “hold” rating on shares of Bob Evans Farms in a research report on Thursday, January 11th.

The stock has a market capitalization of $1,540.00, a price-to-earnings ratio of 11.31 and a beta of 0.54. Bob Evans Farms has a 52-week low of $47.28 and a 52-week high of $79.70. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $117.63 million during the quarter, compared to analyst estimates of $117.10 million. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. During the same period in the prior year, the business posted $0.56 earnings per share.

Large investors have recently modified their holdings of the stock. Flinton Capital Management LLC boosted its position in shares of Bob Evans Farms by 60.0% during the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 528 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Bob Evans Farms during the second quarter worth $101,000. Ameritas Investment Partners Inc. raised its stake in Bob Evans Farms by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 115 shares in the last quarter. Amalgamated Bank purchased a new stake in Bob Evans Farms during the third quarter valued at $212,000. Finally, MML Investors Services LLC purchased a new stake in Bob Evans Farms during the second quarter valued at $219,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Bob Evans Farms Inc (BOBE) PT at $77.40” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/05/analysts-set-bob-evans-farms-inc-bobe-pt-at-77-40.html.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

Receive News & Ratings for Bob Evans Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms and related companies with MarketBeat.com's FREE daily email newsletter.