Voya Investment Management LLC Buys 572 Shares of Bob Evans Farms, Inc. (BOBE)

Voya Investment Management LLC boosted its stake in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 6.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,829 shares of the restaurant operator’s stock after acquiring an additional 572 shares during the period. Voya Investment Management LLC’s holdings in Bob Evans Farms were worth $706,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aperio Group LLC increased its stake in shares of Bob Evans Farms by 7.9% in the 2nd quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock valued at $384,000 after purchasing an additional 389 shares during the last quarter. State Street Corp increased its stake in shares of Bob Evans Farms by 1.8% in the 1st quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock valued at $34,473,000 after purchasing an additional 9,181 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Bob Evans Farms by 13.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock valued at $12,173,000 after purchasing an additional 22,049 shares during the last quarter. Citigroup Inc. increased its stake in shares of Bob Evans Farms by 1,199.4% in the 2nd quarter. Citigroup Inc. now owns 14,163 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 13,073 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Bob Evans Farms by 99.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 127,410 shares of the restaurant operator’s stock valued at $9,152,000 after purchasing an additional 63,486 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

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Several brokerages have recently issued reports on BOBE. Berenberg Bank began coverage on Bob Evans Farms in a research note on Wednesday, July 19th. They issued a “buy” rating and a $77.00 price target on the stock. BidaskClub lowered Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated a “hold” rating and issued a $72.00 price target on shares of Bob Evans Farms in a research note on Friday, September 8th. Maxim Group decreased their price target on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Finally, CJS Securities began coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.05.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

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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