Shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $77.33.

Several equities analysts have issued reports on the stock. BidaskClub raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. CJS Securities assumed coverage on shares of Bob Evans Farms in a report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective on the stock. Maxim Group downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a report on Tuesday, September 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $72.00 price objective on shares of Bob Evans Farms in a report on Friday, September 8th. Finally, Berenberg Bank downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating and decreased their price objective for the company from $78.00 to $77.00 in a report on Wednesday, September 20th.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Bob Evans Farms by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock worth $195,492,000 after buying an additional 16,931 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Bob Evans Farms by 65.4% in the second quarter. Victory Capital Management Inc. now owns 835,743 shares of the restaurant operator’s stock worth $60,031,000 after buying an additional 330,336 shares in the last quarter. Northern Trust Corp raised its stake in Bob Evans Farms by 1.9% during the second quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator’s stock worth $53,530,000 after purchasing an additional 13,564 shares during the period. JPMorgan Chase & Co. raised its stake in Bob Evans Farms by 405.7% during the third quarter. JPMorgan Chase & Co. now owns 721,350 shares of the restaurant operator’s stock worth $55,955,000 after purchasing an additional 578,696 shares during the period. Finally, State Street Corp raised its stake in Bob Evans Farms by 2.0% during the second quarter. State Street Corp now owns 541,902 shares of the restaurant operator’s stock worth $38,923,000 after purchasing an additional 10,440 shares during the period. 81.75% of the stock is currently owned by hedge funds and other institutional investors.

Bob Evans Farms (NASDAQ:BOBE) traded up $0.13 on Friday, reaching $77.74. 301,600 shares of the company’s stock traded hands, compared to its average volume of 358,245. The company has a current ratio of 1.11, a quick ratio of 0.83 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1,555.86, a P/E ratio of 33.89 and a beta of 0.55. Bob Evans Farms has a fifty-two week low of $43.96 and a fifty-two week high of $78.18.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.29 million. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. sell-side analysts expect that Bob Evans Farms will post 2.21 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

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