Equities Analysts Offer Predictions for Bob Evans Farms, Inc.’s FY2018 Earnings (BOBE)

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.

Earnings History and Estimates for Bob Evans Farms (NASDAQ:BOBE)

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