Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bob Evans Farms (BOBE) Share Price
News articles about Bob Evans Farms (NASDAQ:BOBE) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bob Evans Farms earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 46.0893351566302 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Stock Chatter: A Look into Bob Evans Farms, Inc. (NASDAQ:BOBE) Shares – Evergreen Caller (evergreencaller.com)
- Russel Metals Inc. (TSX:RUS) and Bob Evans Farms, Inc. (NasdaqGS:BOBE) Value Composite Score Update – Evergreen Caller (evergreencaller.com)
- Market Tracker: Signals in Focus For Bob Evans Farms Inc (BOBE) – Danville Daily (danvilledaily.com)
- Analyzing Bob Evans Farms (NASDAQ:BOBE) and Famous Dave’s of America (DAVE) (americanbankingnews.com)
- Bob Evans Farms, Inc. (NASDAQ:BOBE) Upgraded at Zacks Investment Research (americanbankingnews.com)
A number of research analysts have commented on BOBE shares. Maxim Group increased their price target on shares of Bob Evans Farms from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Berenberg Bank started coverage on shares of Bob Evans Farms in a research report on Wednesday, July 19th. They set a “buy” rating and a $77.00 price target on the stock. BidaskClub cut shares of Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, CIBC reiterated a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.90.
Bob Evans Farms (NASDAQ:BOBE) opened at 67.27 on Monday. Bob Evans Farms has a one year low of $36.09 and a one year high of $75.34. The stock has a 50 day moving average of $69.41 and a 200 day moving average of $64.26. The company has a market cap of $1.34 billion, a PE ratio of 10.70 and a beta of 0.54.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The business had revenue of $99.90 million for the quarter, compared to analysts’ expectations 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 firm earned $0.48 EPS. On average, analysts anticipate that Bob Evans Farms will post $2.19 earnings per share for the current fiscal year.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total transaction 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
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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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