Shares of 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 trading hands. The stock had previously closed at $38.88.

Several research firms have recently weighed in on BOBE. Maxim Group began coverage on shares of Bob Evans Farms in a research note on Tuesday, May 17th. They set a “buy” rating and a $59.00 price target for the company. Sidoti began coverage on shares of Bob Evans Farms in a research note on Wednesday, May 11th. They set a “buy” rating and a $60.00 price target for the company. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $50.00 price target on shares of Bob Evans Farms in a research note on Wednesday, June 15th. TheStreet downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Finally, Zacks Investment Research downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Bob Evans Farms has an average rating of “Hold” and a consensus target price of $49.80.

The stock’s 50-day moving average is $37.28 and its 200 day moving average is $42.47. The firm has a market cap of $779.81 million and a P/E ratio of 34.94.

Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $306.30 million for the quarter, compared to analysts’ expectations of $310.89 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts predict that Bob Evans Farms Inc. will post $2.06 EPS 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 issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%.

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.