Shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $75.68.

A number of equities analysts have recently issued reports on BOBE shares. Berenberg Bank started coverage on Bob Evans Farms in a research note on Wednesday. They set a “buy” rating and a $77.00 target price for the company. Maxim Group increased their target price on Bob Evans Farms from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. CIBC reissued a “market perform” rating and set a $77.00 target price on shares of Bob Evans Farms in a research note on Monday, June 5th. Finally, William Blair began coverage on Bob Evans Farms in a research note on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 target price for the company.

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In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total value of $501,970.00. Following the sale, the senior vice president now owns 4,367 shares in the company, valued at approximately $308,746.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in BOBE. BlackRock Inc. boosted its stake in shares of Bob Evans Farms by 7,979.3% in the first quarter. BlackRock Inc. now owns 2,951,515 shares of the restaurant operator’s stock worth $191,465,000 after buying an additional 2,914,983 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Bob Evans Farms by 4,068.0% in the first quarter. Victory Capital Management Inc. now owns 505,407 shares of the restaurant operator’s stock worth $32,786,000 after buying an additional 493,281 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Bob Evans Farms during the first quarter worth approximately $22,705,000. Norges Bank bought a new stake in shares of Bob Evans Farms during the fourth quarter worth approximately $13,852,000. Finally, Vanguard Group Inc. boosted its stake in shares of Bob Evans Farms by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock worth $175,451,000 after buying an additional 80,068 shares during the period. Hedge funds and other institutional investors own 78.36% of the company’s stock.

Shares of Bob Evans Farms (NASDAQ:BOBE) traded down 0.58% during mid-day trading on Monday, reaching $67.12. The company’s stock had a trading volume of 240,746 shares. The company’s 50 day moving average price is $70.19 and its 200-day moving average price is $63.11. Bob Evans Farms has a 1-year low of $35.76 and a 1-year high of $75.34. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.68 and a beta of 0.55.

Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Analysts predict that Bob Evans Farms will post $2.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Monday, June 12th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, June 8th. Bob Evans Farms’s dividend payout ratio is currently 21.69%.

About Bob Evans Farms

Bob Evans Farms, Inc (Bob Evans) is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names. The Company’s food products are distributed to customers throughout the United States.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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