Bob Evans Farms (BOBE) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Bob Evans Farms (NASDAQ: BOBE):

  • 8/4/2017 – Bob Evans Farms was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “BOB EVANS FARMS, INC. is divided into two principal industry segments: the food products segment and the restaurant segment. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. “
  • 8/2/2017 – Bob Evans Farms was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Bob Evans Farms was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Bob Evans Farms is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $77.00 price target on the stock.
  • 7/12/2017 – Bob Evans Farms was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – Bob Evans Farms was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “BOB EVANS FARMS, INC. is divided into two principal industry segments: the food products segment and the restaurant segment. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. “
  • 6/16/2017 – Bob Evans Farms was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “BOB EVANS FARMS, INC. is divided into two principal industry segments: the food products segment and the restaurant segment. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. “
  • 6/13/2017 – Bob Evans Farms had its price target raised by analysts at Maxim Group from $74.00 to $80.00. They now have a “buy” rating on the stock.

Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 66.95 on Wednesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.65 and a beta of 0.54. Bob Evans Farms, Inc. has a one year low of $36.23 and a one year high of $75.34. The firm has a 50-day moving average price of $69.11 and a 200-day moving average price of $64.32.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $325.70 million. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Analysts expect that Bob Evans Farms, Inc. will post $2.19 EPS for the current year.

In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total value of $501,970.00. Following the transaction, the senior vice president now directly owns 4,367 shares of the company’s stock, valued at approximately $308,746.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

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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