Bamco Inc. NY grew its position in shares of Bob Evans Farms Inc (NASDAQ:BOBE) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,000 shares of the restaurant operator’s stock after purchasing an additional 5,000 shares during the quarter. Bamco Inc. NY owned approximately 0.31% of Bob Evans Farms worth $4,806,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of BOBE. Teachers Advisors LLC increased its holdings in shares of Bob Evans Farms by 4.4% during the 1st quarter. Teachers Advisors LLC now owns 34,952 shares of the restaurant operator’s stock valued at $2,267,000 after purchasing an additional 1,463 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Bob Evans Farms by 7.9% during the 2nd quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock valued at $384,000 after purchasing an additional 389 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Bob Evans Farms by 2.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 29,247 shares of the restaurant operator’s stock valued at $2,100,000 after purchasing an additional 702 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Bob Evans Farms by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 14,431 shares of the restaurant operator’s stock valued at $1,037,000 after purchasing an additional 121 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Bob Evans Farms during the 2nd quarter valued at approximately $438,000. 77.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Bob Evans Farms Inc (NASDAQ BOBE) opened at $78.28 on Thursday. Bob Evans Farms Inc has a one year low of $47.28 and a one year high of $78.33. The stock has a market cap of $1,550.00, a price-to-earnings ratio of 37.37 and a beta of 0.54. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.72.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Bob Evans Farms had a net margin of 1.91% and a return on equity of 5.14%. The firm had revenue of $117.63 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same quarter last year, the company earned $0.56 EPS. equities analysts expect that Bob Evans Farms Inc will post 2.21 earnings per share for the current fiscal year.
The firm 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 dividend of $0.34 per share. The ex-dividend date 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%.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. ValuEngine cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. William Blair cut shares of 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 shares of Bob Evans Farms in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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