BidaskClub downgraded shares of Bob Evans Farms (NASDAQ:BOBE) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning.

Several other research firms also recently weighed in on BOBE. Oppenheimer reiterated a hold rating and issued a $72.00 target price on shares of Bob Evans Farms in a research note on Friday, September 8th. Sidoti started coverage on shares of Bob Evans Farms in a research note on Wednesday, August 23rd. They issued a neutral rating and a $76.00 target price for the company. ValuEngine downgraded shares of Bob Evans Farms from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Bob Evans Farms from a hold rating to a buy rating and set a $77.00 target price for the company in a research note on Wednesday, September 13th. Finally, William Blair lowered shares of Bob Evans Farms from an outperform rating to a market perform rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $76.05.

Bob Evans Farms (NASDAQ BOBE) opened at $77.51 on Tuesday. The firm has a market cap of $1,550.85, a PE ratio of 33.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.83. Bob Evans Farms has a 12 month low of $47.28 and a 12 month high of $78.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.75%. Bob Evans Farms’s dividend payout ratio (DPR) is currently 22.08%.

Hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of Bob Evans Farms by 7.9% in the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 389 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Bob Evans Farms in the second quarter valued at approximately $307,000. Alps Advisors Inc. lifted its position in Bob Evans Farms by 74.7% during the third quarter. Alps Advisors Inc. now owns 10,645 shares of the restaurant operator’s stock valued at $825,000 after purchasing an additional 4,553 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Bob Evans Farms during the third quarter valued at approximately $3,963,000. Finally, Gabelli Funds LLC bought a new stake in Bob Evans Farms during the third quarter valued at approximately $16,124,000. Institutional investors own 77.75% of the company’s stock.

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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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