Bob Evans Farms (BOBE) Cut to Strong Sell at BidaskClub

BidaskClub cut shares of Bob Evans Farms (NASDAQ:BOBE) from a sell rating to a strong sell rating in a report released on Friday morning.

A number of other research analysts also recently issued reports on BOBE. Berenberg Bank downgraded shares of Bob Evans Farms from a buy rating to a hold rating and cut their price objective for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. CJS Securities assumed coverage on shares of Bob Evans Farms in a research report on Wednesday, September 20th. They issued an outperform rating and a $85.00 price objective on the stock. Maxim Group downgraded shares of Bob Evans Farms from a buy rating to a hold rating and set a $77.00 price objective on the stock. in a research report on Tuesday, September 19th. William Blair downgraded shares of Bob Evans Farms from an outperform rating to a market perform rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of Bob Evans Farms from a hold rating to a buy rating and set a $77.00 price objective on the stock in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Bob Evans Farms presently has a consensus rating of Hold and a consensus target price of $76.05.

Bob Evans Farms (NASDAQ:BOBE) opened at $78.88 on Friday. 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 has a 12-month low of $47.28 and a 12-month high of $78.99. The stock has a market cap of $1,590.00, a P/E ratio of 61.63 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. The firm had revenue of $117.63 million for the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the previous year, the firm earned $0.56 EPS. research analysts forecast that Bob Evans Farms will post 2.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 11th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, December 8th. Bob Evans Farms’s dividend payout ratio is presently 106.25%.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Bob Evans Farms by 405.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 721,350 shares of the restaurant operator’s stock valued at $55,955,000 after acquiring an additional 578,696 shares during the period. Victory Capital Management Inc. lifted its stake in Bob Evans Farms by 65.4% during the 2nd quarter. Victory Capital Management Inc. now owns 835,743 shares of the restaurant operator’s stock valued at $60,031,000 after acquiring an additional 330,336 shares during the period. Balyasny Asset Management LLC acquired a new position in shares of Bob Evans Farms in the 2nd quarter valued at $19,139,000. Gabelli Funds LLC acquired a new position in shares of Bob Evans Farms in the 3rd quarter valued at $16,124,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Bob Evans Farms by 70.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 372,660 shares of the restaurant operator’s stock valued at $24,983,000 after purchasing an additional 153,760 shares during the period. 77.87% of the stock is currently owned by institutional investors.

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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.

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