Dynamic Technology Lab Private Ltd Invests $727,000 in Bob Evans Farms, Inc. (BOBE)

Dynamic Technology Lab Private Ltd bought a new position in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,120 shares of the restaurant operator’s stock, valued at approximately $727,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Bob Evans Farms as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BOBE. Quantbot Technologies LP purchased a new stake in shares of Bob Evans Farms during the 2nd quarter worth $101,000. Flinton Capital Management LLC boosted its position in shares of Bob Evans Farms by 60.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Bob Evans Farms during the 1st quarter worth $105,000. PNC Financial Services Group Inc. boosted its position in shares of Bob Evans Farms by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 68 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 761 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.

Several brokerages have commented on BOBE. William Blair lowered shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. CJS Securities started coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price target for the company. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and cut their price target for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Maxim Group downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, September 13th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.05.

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Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. During the same quarter last year, the company posted $0.48 EPS. Bob Evans Farms’s revenue for the quarter was up 27.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was p

Several other hedge funds and other institutional investors also recently modified their holdings of BOBE. Quantbot Technologies LP purchased a new stake in shares of Bob Evans Farms during the 2nd quarter worth $101,000. Flinton Capital Management LLC boosted its position in shares of Bob Evans Farms by 60.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Bob Evans Farms during the 1st quarter worth $105,000. PNC Financial Services Group Inc. boosted its position in shares of Bob Evans Farms by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 68 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 761 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.

Several brokerages have commented on BOBE. William Blair lowered shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. CJS Securities started coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price target for the company. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and cut their price target for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Maxim Group downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, September 13th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.05.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/dynamic-technology-lab-private-ltd-invests-727000-in-bob-evans-farms-inc-bobe.html.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. During the same quarter last year, the company posted $0.48 EPS. Bob Evans Farms’s revenue for the quarter was up 27.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Monday, September 4th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.76%. Bob Evans Farms’s dividend payout ratio (DPR) is 22.08%.

Bob Evans Farms 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.

Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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