Capstone Asset Management Co. reduced its position in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 6.7% during the second quarter, Holdings Channel reports. The fund owned 4,439 shares of the restaurant operator’s stock after selling 320 shares during the period. Capstone Asset Management Co.’s holdings in Bob Evans Farms were worth $319,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in shares of Bob Evans Farms by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,600 shares of the restaurant operator’s stock worth $1,207,000 after buying an additional 2,807 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Bob Evans Farms during the first quarter worth approximately $818,000. Karp Capital Management Corp bought a new stake in shares of Bob Evans Farms during the first quarter worth approximately $321,000. UBS Asset Management Americas Inc. bought a new stake in shares of Bob Evans Farms during the first quarter worth approximately $580,000. Finally, Comerica Bank boosted its stake in shares of Bob Evans Farms by 3.8% in the first quarter. Comerica Bank now owns 19,698 shares of the restaurant operator’s stock worth $1,308,000 after buying an additional 714 shares during the last quarter. Institutional investors and hedge funds own 78.27% of the company’s stock.

Shares of Bob Evans Farms, Inc. (NASDAQ BOBE) traded down 0.43% during trading on Friday, reaching $67.00. The company had a trading volume of 244,845 shares. The stock’s 50-day moving average price is $68.64 and its 200-day moving average price is $65.00. The company has a market capitalization of $1.33 billion, a PE ratio of 10.66 and a beta of 0.54. Bob Evans Farms, Inc. has a 52 week low of $36.88 and a 52 week high of $75.34.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings data on Thursday, June 15th. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The firm had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $325.70 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that Bob Evans Farms, Inc. will post $2.19 EPS for the current fiscal year.

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A number of analysts have commented on the company. CIBC restated 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. Oppenheimer Holdings, Inc. restated 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. Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Maxim Group upped 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, William Blair initiated coverage on Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 target price for the company. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $73.90.

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 transaction, the senior vice president now directly owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Bob Evans Farms Company Profile

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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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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