Atlantic Trust Group LLC acquired a new position in shares of Bob Evans Farms Inc (NASDAQ:BOBE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,099 shares of the restaurant operator’s stock, valued at approximately $1,170,000. Atlantic Trust Group LLC owned 0.08% of Bob Evans Farms at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its position in shares of Bob Evans Farms by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,610 shares of the restaurant operator’s stock valued at $259,000 after acquiring an additional 29 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Bob Evans Farms by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 115 shares during the period. Flinton Capital Management LLC boosted its position in shares of Bob Evans Farms by 60.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 528 shares during the period. Voya Investment Management LLC boosted its position in shares of Bob Evans Farms by 6.2% in the second quarter. Voya Investment Management LLC now owns 9,829 shares of the restaurant operator’s stock valued at $706,000 after acquiring an additional 572 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Bob Evans Farms by 7.7% in the second quarter. Thrivent Financial For Lutherans now owns 11,990 shares of the restaurant operator’s stock valued at $861,000 after acquiring an additional 860 shares during the period. 77.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Bob Evans Farms Inc (BOBE) opened at $78.82 on Tuesday. Bob Evans Farms Inc has a 52-week low of $47.28 and a 52-week high of $79.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63. The firm has a market cap of $1,580.33, a PE ratio of 12.59 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $117.63 million during the quarter, compared to the consensus estimate of $117.10 million. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. analysts expect that Bob Evans Farms Inc will post 2.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 11th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, December 8th. Bob Evans Farms’s payout ratio is 21.73%.

Several equities research analysts recently weighed in on BOBE shares. Oppenheimer reaffirmed a “hold” rating and set a $72.00 price objective on shares of Bob Evans Farms in a research report on Friday, September 8th. ValuEngine cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. CJS Securities started coverage on shares of Bob Evans Farms in a research report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective for the company. Berenberg Bank cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $77.00 in a research report on Wednesday, September 20th. Finally, Maxim Group cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $76.05.

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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.

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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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