Bob Evans Farms, Inc. (NASDAQ:BOBE) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $77.00 target price on the restaurant operator’s stock, down from their prior target price of $78.00. Berenberg Bank’s price target indicates a potential downside of 0.38% from the stock’s current price.

A number of other analysts have also commented on the company. Maxim Group lowered Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research report on Tuesday. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. reiterated a “hold” rating and issued a $72.00 price objective on shares of Bob Evans Farms in a research report on Friday, September 8th. Sidoti assumed coverage on Bob Evans Farms in a research report on Wednesday, August 23rd. They issued a “neutral” rating and a $76.00 price objective for the company. Finally, BidaskClub upgraded Bob Evans Farms from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bob Evans Farms currently has an average rating of “Hold” and a consensus price target of $76.05.

Shares of Bob Evans Farms (NASDAQ:BOBE) opened at 77.29 on Wednesday. Bob Evans Farms has a 12-month low of $36.88 and a 12-month high of $78.18. The firm has a market cap of $1.54 billion, a P/E ratio of 12.54 and a beta of 0.55. The company has a 50-day moving average of $67.41 and a 200 day moving average of $67.17.

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

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Institutional investors and hedge funds have recently modified their holdings of the business. Waratah Capital Advisors Ltd. bought a new position in Bob Evans Farms during the first quarter worth about $2,154,000. Aperio Group LLC lifted its holdings in shares of Bob Evans Farms by 7.9% during the 2nd quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock valued at $384,000 after purchasing an additional 389 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Bob Evans Farms by 13.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock valued at $12,173,000 after purchasing an additional 22,049 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Bob Evans Farms during the 1st quarter valued at about $818,000. Hedge funds and other institutional investors own 76.85% of the company’s stock.

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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