Bob Evans Farms (NASDAQ:BOBE) Getting Somewhat Favorable Media Coverage, Accern Reports
Media stories about Bob Evans Farms (NASDAQ:BOBE) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bob Evans Farms earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 45.5684503107055 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Bob Evans Farms, Inc. (NASDAQ:BOBE) Trading Volume Significantly Lower – First News 24 (firstnewspaper24.com)
- Barnes & Noble stock jumps 17% after investor urges it to go private – MarketWatch (marketwatch.com)
- Head-To-Head Analysis: Ruth’s Hospitality Group (RUTH) and Bob Evans Farms (NASDAQ:BOBE) (americanbankingnews.com)
- Bob Evans Farms, Inc. (BOBE) Downgraded to Buy at BidaskClub – AppsforPCdaily (appsforpcdaily.com)
- ETFs with exposure to Bob Evans Farms, Inc. : July 24, 2017 (finance.yahoo.com)
Shares of Bob Evans Farms (BOBE) traded up 1.75% during trading on Wednesday, reaching $68.59. 281,485 shares of the company were exchanged. The company’s 50-day moving average is $69.90 and its 200 day moving average is $63.41. The firm has a market capitalization of $1.37 billion, a PE ratio of 10.91 and a beta of 0.55. Bob Evans Farms has a 1-year low of $35.76 and a 1-year high of $75.34.
Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. Bob Evans Farms’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Equities research analysts expect that Bob Evans Farms will post $2.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 12th were paid a $0.34 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.36 annualized dividend and a yield of 1.98%. Bob Evans Farms’s dividend payout ratio (DPR) is 21.69%.
A number of brokerages have recently commented on BOBE. BidaskClub cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday. Berenberg Bank began coverage on Bob Evans Farms in a research report on Wednesday, July 19th. They issued a “buy” rating and a $77.00 price target on the stock. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Maxim Group boosted their price target on Bob Evans Farms from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Finally, CIBC reissued a “market perform” rating and issued a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.90.
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In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total value of $501,970.00. Following the completion of the sale, the senior vice president now directly owns 4,367 shares in the company, valued at $308,746.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.
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.
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