Shares of Bob Evans Farms Inc. (NASDAQ:BOBE) traded down 1.8% during trading on Tuesday . The stock traded as low as $36.47 and last traded at $36.76, with a volume of 52,582 shares changing hands. The stock had previously closed at $37.43.

Several analysts have commented on the company. Maxim Group assumed coverage on Bob Evans Farms in a report on Tuesday, May 17th. They issued a “buy” rating and a $59.00 price objective on the stock. Sidoti assumed coverage on Bob Evans Farms in a research report on Wednesday, May 11th. They issued a “buy” rating and a $60.00 target price on the stock. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $50.00 target price on shares of Bob Evans Farms in a research report on Wednesday, June 15th. Zacks Investment Research downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, TheStreet downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.60.

The company has a 50-day moving average price of $39.02 and a 200 day moving average price of $42.90. The company has a market cap of $725.49 million and a PE ratio of 32.50.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Tuesday, June 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $345.60 million for the quarter. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. Analysts forecast that Bob Evans Farms Inc. will post $2.10 EPS for the current year.

Other institutional investors have added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Bob Evans Farms by 2.7% in the fourth quarter. Rhumbline Advisers now owns 35,620 shares of the company’s stock valued at $1,384,000 after buying an additional 950 shares during the last quarter. Russell Frank Co boosted its position in Bob Evans Farms by 18.4% in the fourth quarter. Russell Frank Co now owns 173,307 shares of the company’s stock valued at $6,819,000 after buying an additional 26,910 shares during the last quarter. Systematic Financial Management LP acquired a new position in Bob Evans Farms during the fourth quarter valued at about $1,671,000. Finally, Marshall Wace LLP acquired a new position in Bob Evans Farms during the fourth quarter valued at about $1,967,000.

Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States.

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