Bob Evans Farms Inc. (BOBE) Sees Strong Trading Volume
Shares of Bob Evans Farms Inc. (NASDAQ:BOBE) saw unusually-high trading volume on Friday . Approximately 130,604 shares were traded during trading, a decline of 4% from the previous session’s volume of 135,734 shares.The stock last traded at $38.22 and had previously closed at $37.88.
A number of analysts have weighed in on the stock. TheStreet cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Maxim Group dropped their target price on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Sidoti assumed coverage on shares of Bob Evans Farms in a report on Wednesday, May 11th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and set a $50.00 target price on shares of Bob Evans Farms in a report on Wednesday, June 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.80.
The firm has a 50 day moving average price of $37.00 and a 200-day moving average price of $42.44. The stock has a market cap of $762.43 million and a price-to-earnings ratio of 34.16.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Tuesday, June 14th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The firm earned $345.60 million during the quarter. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. Equities analysts expect that Bob Evans Farms Inc. will post $2.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Monday, September 5th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, August 31st.
An institutional investor recently bought a new position in Bob Evans Farms stock. Marshall Wace LLP acquired a new stake in Bob Evans Farms Inc. (NASDAQ:BOBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,622 shares of the company’s stock, valued at approximately $1,967,000. Marshall Wace LLP owned 0.24% of Bob Evans Farms as of its most recent filing with the SEC.
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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