Bank of New York Mellon Corp Decreases Stake in Bob Evans Farms, Inc. (BOBE)

Bank of New York Mellon Corp decreased its position in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,299 shares of the restaurant operator’s stock after selling 19,992 shares during the quarter. Bank of New York Mellon Corp owned 1.66% of Bob Evans Farms worth $25,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flinton Capital Management LLC boosted its position in 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 valued at $101,000 after purchasing an additional 528 shares during the period. Quantbot Technologies LP acquired a new position in Bob Evans Farms during the 2nd quarter valued at approximately $101,000. Ameritas Investment Partners Inc. boosted its position in Bob Evans Farms by 7.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 115 shares during the period. Riverhead Capital Management LLC boosted its position in Bob Evans Farms by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 864 shares during the period. Finally, MML Investors Services LLC acquired a new position in Bob Evans Farms during the 2nd quarter valued at approximately $219,000. Institutional investors own 77.93% of the company’s stock.

Shares of Bob Evans Farms, Inc. (BOBE) opened at $77.85 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63. The firm has a market capitalization of $1,557.67, a price-to-earnings ratio of 37.35 and a beta of 0.54. Bob Evans Farms, Inc. has a 12 month low of $47.28 and a 12 month high of $78.24.

Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $117.63 million for the quarter, compared to the consensus estimate of $117.10 million. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. During the same quarter in the previous year, the business earned $0.56 EPS. equities research analysts expect that Bob Evans Farms, Inc. will post 2.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, December 8th. Bob Evans Farms’s payout ratio is currently 21.73%.

A number of research analysts recently issued reports on the company. BidaskClub lowered Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. William Blair lowered Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Friday, September 22nd. Finally, CJS Securities assumed coverage on Bob Evans Farms in a research report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $76.05.

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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.

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

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