Bessemer Group Inc. raised its stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,882 shares of the restaurant operator’s stock after buying an additional 1,735 shares during the period. Bessemer Group Inc. owned approximately 0.19% of Bob Evans Farms worth $2,650,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Bob Evans Farms by 7,979.3% in the first quarter. BlackRock Inc. now owns 2,951,515 shares of the restaurant operator’s stock worth $191,465,000 after buying an additional 2,914,983 shares during the period. Vanguard Group Inc. increased its stake in Bob Evans Farms by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,704,660 shares of the restaurant operator’s stock worth $175,451,000 after buying an additional 80,068 shares during the period. State Street Corp increased its stake in Bob Evans Farms by 1.8% in the first quarter. State Street Corp now owns 531,462 shares of the restaurant operator’s stock worth $34,473,000 after buying an additional 9,181 shares during the period. Victory Capital Management Inc. increased its stake in Bob Evans Farms by 4,068.0% in the first quarter. Victory Capital Management Inc. now owns 505,407 shares of the restaurant operator’s stock worth $32,786,000 after buying an additional 493,281 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Bob Evans Farms during the first quarter worth $22,705,000. 81.68% of the stock is owned by institutional investors.
Shares of Bob Evans Farms, Inc. (BOBE) traded down 0.42% on Friday, hitting $66.00. The stock had a trading volume of 227,870 shares. The firm’s 50 day moving average is $67.96 and its 200-day moving average is $65.41. Bob Evans Farms, Inc. has a one year low of $36.88 and a one year high of $75.34. The stock has a market capitalization of $1.31 billion, a PE ratio of 10.50 and a beta of 0.54.
Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The business had revenue of $99.90 million for the quarter, compared to analyst estimates of $325.70 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Bob Evans Farms’s revenue was down 2.4% on a year-over-year basis. Equities research analysts expect that Bob Evans Farms, Inc. will post $2.19 earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on BOBE shares. Berenberg Bank started coverage on Bob Evans Farms in a research note on Wednesday, July 19th. They set a “buy” rating and a $77.00 price target for the company. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Wednesday. Maxim Group raised their price target on Bob Evans Farms from $65.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. CIBC reaffirmed a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research note on Monday, June 5th. Finally, William Blair started coverage on Bob Evans Farms in a research note on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $73.40.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total transaction of $501,970.00. Following the sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% 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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