Bob Evans Farms (BOBE) Downgraded by BidaskClub to “Strong Sell”
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.
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.
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