Bob Evans Farms, Inc. (NASDAQ:BOBE) – Research analysts at Oppenheimer Holdings issued their FY2018 EPS estimates for shares of Bob Evans Farms in a note issued to investors on Monday. Oppenheimer Holdings analyst R. Parikh anticipates that the restaurant operator will post earnings of $2.18 per share for the year. Oppenheimer Holdings has a “Market Perform” rating and a $77.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Bob Evans Farms’ FY2019 earnings at $2.38 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, March 7th. Maxim Group raised their price objective on shares of Bob Evans Farms from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. William Blair began coverage on shares of Bob Evans Farms in a research note on Wednesday, May 3rd. They issued an “outperform” rating and a $67.41 price objective on the stock. Finally, CIBC reaffirmed a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a research note on Monday, June 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Bob Evans Farms currently has a consensus rating of “Hold” and an average target price of $73.28.
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Bob Evans Farms (NASDAQ BOBE) traded down 0.06% during midday trading on Thursday, reaching $71.70. 39,284 shares of the company traded hands. Bob Evans Farms has a 12-month low of $35.63 and a 12-month high of $75.34. The company has a 50 day moving average of $70.58 and a 200-day moving average of $61.56. The stock has a market capitalization of $1.43 billion, a P/E ratio of 11.41 and a beta of 0.53.
Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The business had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS.
Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Bob Evans Farms during the first quarter valued at $105,000. PNC Financial Services Group Inc. increased its position in Bob Evans Farms by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 68 shares during the last quarter. Elkfork Partners LLC acquired a new position in Bob Evans Farms during the fourth quarter valued at $141,000. State of Alaska Department of Revenue increased its position in Bob Evans Farms by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,180 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 40 shares during the last quarter. Finally, Pacad Investment Ltd. increased its position in Bob Evans Farms by 47.6% in the fourth quarter. Pacad Investment Ltd. now owns 3,100 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 78.34% of the company’s stock.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total transaction of $501,970.00. Following the completion of the sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Monday, June 12th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.90%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 21.69%.
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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