Bob Evans Farms Inc. (BOBE) Hits New 1-Year Low at $36.17
Bob Evans Farms Inc. (NASDAQ:BOBE) reached a new 52-week low during trading on Wednesday . The company traded as low as $36.17 and last traded at $36.88, with a volume of 338,017 shares changing hands. The stock had previously closed at $37.49.
BOBE has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $50.00 target price on shares of Bob Evans Farms in a report on Wednesday, June 15th. Sidoti initiated coverage on Bob Evans Farms in a report on Wednesday, May 11th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Investment Research downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Maxim Group initiated coverage on Bob Evans Farms in a report on Tuesday, May 17th. They issued a “buy” rating and a $59.00 target price for the company. Finally, TheStreet downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.60.
The firm’s 50-day moving average is $42.11 and its 200 day moving average is $43.10. The stock has a market capitalization of $704.55 million and a PE ratio of 31.57.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Tuesday, June 14th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. During the same period in the prior year, the firm posted $0.56 EPS. The company had revenue of $345.60 million for the quarter. Bob Evans Farms’s revenue was up 4.0% compared to the same quarter last year. On average, analysts expect that Bob Evans Farms Inc. will post $2.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 6th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $1.36 annualized dividend and a dividend yield of 3.81%.
A number of hedge funds and institutional investors have recently made changes to their positions in BOBE. Rhumbline Advisers boosted its position in shares of 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 in the last quarter. Systematic Financial Management LP purchased a new position in shares of Bob Evans Farms during the fourth quarter valued at $1,671,000. Marshall Wace LLP purchased a new position in shares of Bob Evans Farms during the fourth quarter valued at $1,967,000. American Century Companies Inc. purchased a new position in shares of Bob Evans Farms during the fourth quarter valued at $3,042,000. Finally, Russell Frank Co boosted its position in shares of 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 in the last quarter.
Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company operates 567 Bob Evans Restaurants and licenses four Bob Evans Express locations in 19 states. The Company also 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.
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