Bob Evans Farms (BOBE) Rating Lowered to Hold at ValuEngine

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

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Monday, September 4th. Maxim Group restated a “buy” rating and set a $77.00 price objective on shares of Bob Evans Farms in a report on Wednesday, August 30th. Berenberg Bank cut Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their price objective for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. Oppenheimer restated a “hold” rating and set a $72.00 price objective on shares of Bob Evans Farms in a report on Friday, September 8th. Finally, William Blair cut Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday, September 22nd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $76.05.

Bob Evans Farms (BOBE) traded down $0.70 on Friday, reaching $77.34. The company had a trading volume of 199,008 shares, compared to its average volume of 191,440. Bob Evans Farms has a one year low of $45.24 and a one year high of $78.24. The company has a current ratio of 1.11, a quick ratio of 0.83 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1,550.43, a PE ratio of 33.77 and a beta of 0.54.

A number of hedge funds and other institutional investors have recently modified their holdings of BOBE. Quantbot Technologies LP bought a new stake in Bob Evans Farms during the 2nd quarter valued at $101,000. Flinton Capital Management LLC raised its position in Bob Evans Farms by 60.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Bob Evans Farms by 7.1% during the 2nd 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. Creative Planning raised its position in Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock valued at $138,000 after purchasing an additional 761 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Bob Evans Farms by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 864 shares in the last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.

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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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