Bob Evans Farms Inc (BOBE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bob Evans Farms Inc (NASDAQ:BOBE) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $77.40.

A number of equities research analysts recently issued reports on the stock. Maxim Group reissued a “hold” rating on shares of Bob Evans Farms in a report on Thursday, January 11th. ValuEngine cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Bob Evans Farms by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock valued at $195,492,000 after buying an additional 16,931 shares during the last quarter. Northern Trust Corp lifted its position in Bob Evans Farms by 1.9% in the second quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator’s stock valued at $53,530,000 after buying an additional 13,564 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Bob Evans Farms by 405.7% in the third quarter. JPMorgan Chase & Co. now owns 721,350 shares of the restaurant operator’s stock valued at $55,955,000 after buying an additional 578,696 shares during the last quarter. State Street Corp lifted its position in Bob Evans Farms by 2.0% in the second quarter. State Street Corp now owns 541,902 shares of the restaurant operator’s stock valued at $38,923,000 after buying an additional 10,440 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Bob Evans Farms by 70.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 372,660 shares of the restaurant operator’s stock valued at $24,983,000 after buying an additional 153,760 shares during the last quarter. 77.87% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63. Bob Evans Farms has a fifty-two week low of $47.28 and a fifty-two week high of $79.70. The firm has a market cap of $1,540.00, a PE ratio of 11.31 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share.

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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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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