Shares Escalate Higher Mid-Session: Bob Evans Farms, Inc. (NASDAQ:BOBE)

Alicia Cross
September 20, 2017

The value of the company's investment in Bob Evans Farms, Inc. went from $45,000 to $84,000 increasing 86.7% for the reporting period. William Blair initiated coverage on shares of Bob Evans Farms in a report on Wednesday, May 3rd. They now have a $77.00 price target on the stock. Additionally, the Company manufactures and sells similar products to foodservice customers, restaurants and food sellers. 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.

There are 5 hold ratings, 2 buy ratings on the stock. The stock of Sientra Inc (NASDAQ:SIEN) has "Buy" rating given on Monday, August 28 by Canaccord Genuity. POST says that it is expecting BOBE to bring in adjusted EBITDA of $107 million on a yearly basis. The rating was maintained by Maxim Group with "Buy" on Tuesday, May 2. They now have a United States dollars 57 price target on the stock. (NASDAQ:BOBE) expressed a change of 1.42% and closed its trade at $72.93. 274099 shares were traded on Bob Evans Farms, Inc.'s last session. The stock's market capitalization is 1.45B. The stock was trading at a distance of -0.07% from its 52-week highs and stands 119.72% away from its 52-week lows. The dividend payment was $0.340 per share for the quarter or $1.36 annualized. The business had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.29 million. The business's revenue was up 27.2% compared to the same quarter a year ago. Company fiscal year is ending in April and analysts' consensus recommendation is Outperform for BOBE and estimated EPS for next quarter is $ 0.76.

07/19/2017 - Berenberg Bank began new coverage on Bob Evans Farms, Inc. giving the company a "buy" rating.

BOBE has been the topic of a number of other research reports. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright legislation. Los Angeles Mngmt Equity Inc reported 0.01% in Bob Evans Farms Inc (NASDAQ:BOBE). Maxim Group maintained Bob Evans Farms Inc (NASDAQ:BOBE) on Friday, August 18 with "Buy" rating. Managed Asset Portfolios Ltd Co holds 7.08% or 337,958 shares in its portfolio.

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On 8/23/2017 Bob Evans Farms announced a quarterly dividend of $0.34 2.19% with an ex dividend date of 8/30/2017 which will be payable on 9/18/2017. This dividend represents a yeild of $1.93 which is the dividend as a percentage of the current share price. Bob Evans Farms's dividend payout ratio is now 22.08%. The volume of 0.27 Million shares climbed down over an trading activity of 329.11 Million shares. Graham Cap Lp has 44,216 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have recently added to or reduced their stakes in the business.

Tom Sandell decreased its stake in Bob Evans Farms Inc (Call) (BOBE) by 58.04% based on its latest 2016Q4 regulatory filing with the SEC. State of Alaska Department of Revenue now owns 2,180 shares of the restaurant operator's stock valued at $141,000 after buying an additional 40 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Bob Evans Farms by 65.4% during the second quarter. Northern Trust Corp now owns 745,225 shares of the restaurant operator's stock valued at $53,530,000 after acquiring an additional 13,564 shares during the period. Quantbot Technologies bought a fresh position in Bob Evans Farms in the 2nd period worth at $101,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Bob Evans Farms by 7.1% in the second quarter.

Bob Evans Farms, a producer and distributor of refrigerated potato, pasta and vegetable side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names.

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