State Street Corp boosted its stake in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 531,462 shares of the restaurant operator’s stock after buying an additional 9,181 shares during the period. State Street Corp owned 2.69% of Bob Evans Farms worth $34,473,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Bob Evans Farms by 14.2% in the first quarter. Bank of America Corp DE now owns 44,874 shares of the restaurant operator’s stock worth $2,911,000 after buying an additional 5,589 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Bob Evans Farms by 13.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 187,645 shares of the restaurant operator’s stock worth $12,173,000 after buying an additional 22,049 shares during the period. BlackRock Inc. boosted its position 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. Miles Capital Inc. boosted its position in Bob Evans Farms by 0.3% in the first quarter. Miles Capital Inc. now owns 6,219 shares of the restaurant operator’s stock worth $403,000 after buying an additional 17 shares during the period. Finally, Clearline Capital LP bought a new position in Bob Evans Farms during the first quarter worth approximately $4,714,000. 81.68% of the stock is owned by institutional investors and hedge funds.
Bob Evans Farms, Inc. (NASDAQ BOBE) traded down 0.42% on Friday, reaching $66.00. The company had a trading volume of 227,870 shares. The stock has a market capitalization of $1.31 billion, a P/E ratio of 10.50 and a beta of 0.54. Bob Evans Farms, Inc. has a 12-month low of $36.88 and a 12-month high of $75.34. The stock’s 50-day moving average price is $67.96 and its 200-day moving average price is $65.41.
Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $325.70 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that Bob Evans Farms, Inc. will post $2.19 EPS for the current fiscal year.
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A number of equities analysts have commented on the stock. BidaskClub raised shares of Bob Evans Farms from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $77.00 target price on shares of Bob Evans Farms in a report on Monday, June 5th. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Maxim Group lifted their target price on Bob Evans Farms from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. Finally, William Blair assumed coverage on Bob Evans Farms in a report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 target price for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bob Evans Farms presently has an average rating of “Hold” and an average target price of $73.40.
In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total value of $501,970.00. Following the sale, the senior vice president now 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 SEC, which is accessible through this hyperlink. Company 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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