Alps Advisors Inc. increased its position in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 74.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,645 shares of the restaurant operator’s stock after purchasing an additional 4,553 shares during the period. Alps Advisors Inc. owned approximately 0.05% of Bob Evans Farms worth $825,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. USA Financial Portformulas Corp bought a new position in Bob Evans Farms in the 3rd quarter worth about $416,000. Gabelli Funds LLC bought a new position in Bob Evans Farms in the 3rd quarter worth about $16,124,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Bob Evans Farms in the 3rd quarter worth about $341,000. Gamco Investors INC. ET AL bought a new position in Bob Evans Farms in the 3rd quarter worth about $3,963,000. Finally, ARP Americas LLC bought a new position in Bob Evans Farms in the 3rd quarter worth about $5,716,000. Institutional investors own 76.52% of the company’s stock.
Bob Evans Farms, Inc. (NASDAQ BOBE) opened at $77.50 on Tuesday. Bob Evans Farms, Inc. has a one year low of $42.69 and a one year high of $78.18. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1,550.00, a P/E ratio of 33.82 and a beta of 0.55.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s quarterly revenue was up 27.2% on a year-over-year basis. research analysts expect that Bob Evans Farms, Inc. will post 2.21 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. CJS Securities assumed coverage on shares of Bob Evans Farms in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target on the stock. Berenberg Bank cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. William Blair cut shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Friday, September 22nd. Finally, Maxim Group cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research note on Tuesday, September 19th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.05.
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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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