Bob Evans Farms Inc. (BOBE) Stock Price Down 1.8%
Bob Evans Farms Inc. (NASDAQ:BOBE) fell 1.8% on Tuesday . The stock traded as low as $37.52 and last traded at $38.18, with a volume of 173,330 shares. The stock had previously closed at $38.88.
Several research firms have weighed in on BOBE. Zacks Investment Research cut Bob Evans Farms from a “hold” rating to a “sell” rating in a research note on Monday. Maxim Group cut their target price on Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 8th. TheStreet cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Oppenheimer Holdings Inc. restated a “buy” rating and set a $50.00 target price on shares of Bob Evans Farms in a research note on Wednesday, June 15th. Finally, Sidoti began coverage on Bob Evans Farms in a research note on Wednesday, May 11th. They set a “buy” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Bob Evans Farms presently has an average rating of “Hold” and a consensus target price of $49.80.
The company has a market capitalization of $770.92 million and a P/E ratio of 34.54. The stock has a 50-day moving average of $37.16 and a 200 day moving average of $42.48.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly 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 company had revenue of $345.60 million for the quarter. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. Analysts predict that Bob Evans Farms Inc. will post $2.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Monday, September 5th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.36 annualized dividend and a dividend yield of 3.48%.
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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