Shares of Bob Evans Farms Inc (NASDAQ:BOBE) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.40.
BOBE has been the subject of several research reports. Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised shares of Bob Evans Farms from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Maxim Group reissued a “hold” rating on shares of Bob Evans Farms in a report on Thursday, January 11th. Finally, ValuEngine cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1,540.00, a PE ratio of 11.31 and a beta of 0.54. Bob Evans Farms has a 52 week low of $47.28 and a 52 week high of $79.70.
Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. The business had revenue of $117.63 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the company earned $0.56 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC grew its position in Bob Evans Farms by 60.0% during the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 528 shares during the period. Quantbot Technologies LP bought a new stake in Bob Evans Farms during the second quarter valued at approximately $101,000. Ameritas Investment Partners Inc. grew its position in Bob Evans Farms by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 115 shares during the period. Amalgamated Bank bought a new stake in Bob Evans Farms during the third quarter valued at approximately $212,000. Finally, MML Investors Services LLC bought a new stake in Bob Evans Farms during the second quarter valued at approximately $219,000. Institutional investors own 77.87% of the company’s stock.
About Bob Evans Farms
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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