Nicholas Investment Partners LP bought a new stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,770 shares of the restaurant operator’s stock, valued at approximately $2,570,000. Nicholas Investment Partners LP owned approximately 0.18% of Bob Evans Farms at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew 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 valued at $191,465,000 after buying an additional 2,914,983 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bob Evans Farms by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock valued at $175,451,000 after purchasing an additional 80,068 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Bob Evans Farms by 65.4% during the 2nd quarter. Victory Capital Management Inc. now owns 835,743 shares of the restaurant operator’s stock valued at $60,031,000 after purchasing an additional 330,336 shares during the last quarter. State Street Corp lifted its holdings in Bob Evans Farms by 1.8% during the 1st quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock valued at $34,473,000 after purchasing an additional 9,181 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Bob Evans Farms by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 352,291 shares of the restaurant operator’s stock valued at $25,305,000 after purchasing an additional 3,519 shares during the last quarter. 76.85% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have issued reports on BOBE shares. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a report on Monday, June 5th. CIBC reaffirmed a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a report on Monday, June 5th. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Maxim Group raised their price target on Bob Evans Farms from $74.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub downgraded Bob Evans Farms from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bob Evans Farms has an average rating of “Hold” and an average target price of $76.05.

Shares of Bob Evans Farms, Inc. (BOBE) opened at 77.49 on Thursday. Bob Evans Farms, Inc. has a one year low of $36.88 and a one year high of $78.18. The firm has a market cap of $1.55 billion, a P/E ratio of 12.58 and a beta of 0.55. The firm’s 50-day moving average price is $67.41 and its 200 day moving average price is $67.17.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. Analysts predict that Bob Evans Farms, Inc. will post $2.18 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. Bob Evans Farms’s payout ratio is 22.08%.

Bob Evans Farms 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.

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

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