Bob Evans Farms (BOBE) Announces Earnings Results

Bob Evans Farms (NASDAQ:BOBE) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35, Bloomberg Earnings reports. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. During the same quarter in the prior year, the company earned $0.56 EPS.

Shares of Bob Evans Farms (BOBE) opened at $77.66 on Thursday. Bob Evans Farms has a 52-week low of $47.28 and a 52-week high of $78.24. The stock has a market cap of $1,550.00, a price-to-earnings ratio of 33.85 and a beta of 0.54. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, December 8th. Bob Evans Farms’s payout ratio is currently 141.67%.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Maxim Group cut their price target on shares of 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. CJS Securities began coverage on shares of Bob Evans Farms in a research note on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price target on the stock. Berenberg Bank lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. Finally, Oppenheimer reissued a “hold” rating and issued a $72.00 price objective on shares of Bob Evans Farms in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.05.

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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.

Earnings History for Bob Evans Farms (NASDAQ:BOBE)

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