Principal Financial Group Inc. Has $11 Million Position in Bob Evans Farms, Inc. (BOBE)
Principal Financial Group Inc. increased its stake in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,137 shares of the restaurant operator’s stock after acquiring an additional 2,908 shares during the period. Principal Financial Group Inc. owned about 0.77% of Bob Evans Farms worth $11,000,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. bought a new stake in Bob Evans Farms during the first quarter worth about $2,154,000. Aperio Group LLC raised its holdings in Bob Evans Farms by 7.9% during the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock worth $384,000 after acquiring an additional 389 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Bob Evans Farms by 13.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock worth $12,173,000 after acquiring an additional 22,049 shares in the last quarter. State Street Corp raised its holdings in Bob Evans Farms by 1.8% during the first quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock worth $34,473,000 after acquiring an additional 9,181 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in Bob Evans Farms during the first quarter worth about $818,000. Institutional investors and hedge funds own 76.85% of the company’s stock.
Several research firms recently issued reports on BOBE. William Blair lowered Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday. CJS Securities began coverage on Bob Evans Farms in a report on Wednesday. They set an “outperform” rating and a $85.00 target price on the stock. Berenberg Bank lowered Bob Evans Farms from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $77.00 in a report on Wednesday. Maxim Group lowered Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, September 13th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $76.05.
Shares of Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 77.25 on Friday. The firm has a 50-day moving average price of $67.41 and a 200 day moving average price of $67.17. Bob Evans Farms, Inc. has a 1-year low of $36.88 and a 1-year high of $78.18. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 12.54 and a beta of 0.55.
Bob Evans Farms (NASDAQ:BOBE) last posted its earnings results on Wednesday, August 30th. The restaurant operator reported $0.37 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.29 million. During the same quarter last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts predict that Bob Evans Farms, Inc. will post $2.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Monday, September 4th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. Bob Evans Farms’s dividend payout ratio is currently 22.08%.
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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