Bob Evans Farms (BOBE) Announces Quarterly Earnings Results
Bob Evans Farms (NASDAQ:BOBE) announced its earnings results on Wednesday. The restaurant operator reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35, Bloomberg Earnings reports. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. During the same quarter in the prior year, the company posted $0.56 EPS.
Bob Evans Farms (BOBE) opened at $77.66 on Thursday. The firm has a market cap of $1,550.00, a price-to-earnings ratio of 33.85 and a beta of 0.54. Bob Evans Farms has a fifty-two week low of $47.28 and a fifty-two week high of $78.24. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, December 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.75%. Bob Evans Farms’s payout ratio is 141.67%.
A number of analysts have recently issued reports on BOBE shares. Zacks Investment Research upgraded shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Monday, September 4th. Maxim Group reiterated a “buy” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a report on Wednesday, August 30th. Berenberg Bank downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating and lowered their price objective for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. Oppenheimer reiterated a “hold” rating and issued a $72.00 price objective on shares of Bob Evans Farms in a report on Friday, September 8th. Finally, ValuEngine downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Bob Evans Farms has a consensus rating of “Hold” and an average price target of $76.05.
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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