Bob Evans Farms Inc (BOBE) Holdings Increased by American International Group Inc.
American International Group Inc. grew its holdings in Bob Evans Farms Inc (NASDAQ:BOBE) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,709 shares of the restaurant operator’s stock after purchasing an additional 872 shares during the period. American International Group Inc. owned about 0.08% of Bob Evans Farms worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 16,931 shares during the period. Victory Capital Management Inc. increased its stake in 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 purchasing an additional 330,336 shares during the period. Northern Trust Corp increased its stake in Bob Evans Farms by 1.9% in 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. State Street Corp increased its stake in Bob Evans Farms by 2.0% in 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. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Bob Evans Farms by 70.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 372,660 shares of the restaurant operator’s stock valued at $24,983,000 after buying an additional 153,760 shares during the period. Institutional investors and hedge funds own 77.93% of the company’s stock.
Bob Evans Farms Inc (BOBE) opened at $78.12 on Friday. The company has a market capitalization of $1,560.00, a price-to-earnings ratio of 37.52 and a beta of 0.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63. Bob Evans Farms Inc has a 52 week low of $47.28 and a 52 week high of $78.49.
Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The firm had revenue of $117.63 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter last year, the firm posted $0.56 earnings per share. analysts forecast that Bob Evans Farms Inc will post 2.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.36 annualized dividend and a yield of 1.74%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 106.25%.
Several equities analysts have recently commented on the company. BidaskClub lowered Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. William Blair lowered Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Friday, September 22nd. Finally, CJS Securities assumed coverage on Bob Evans Farms in a research note on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Bob Evans Farms currently has an average rating of “Hold” and an average target price of $76.05.
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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.
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