Bob Evans Farms Inc (BOBE) Holding Boosted by Great West Life Assurance Co. Can

Bob Evans Farms Inc (BOBE) Holding Boosted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Bob Evans Farms Inc (NASDAQ:BOBE) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 28,545 shares of the restaurant operator’s stock after buying an additional 2,241 shares during the period. Great West Life Assurance Co. Can’s holdings in Bob Evans Farms were worth $1,851,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Bob Evans Farms during the fourth quarter worth $13,852,000. Russell Investments Group Ltd. bought a new stake in Bob Evans Farms during the fourth quarter worth $5,237,000. State Street Corp raised its stake in Bob Evans Farms by 12.0% in the fourth quarter. State Street Corp now owns 522,281 shares of the restaurant operator’s stock worth $27,786,000 after buying an additional 56,056 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in Bob Evans Farms during the first quarter worth $3,514,000. Finally, Graham Capital Management L.P. raised its stake in Bob Evans Farms by 395.9% in the fourth quarter. Graham Capital Management L.P. now owns 44,216 shares of the restaurant operator’s stock worth $2,353,000 after buying an additional 35,300 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Bob Evans Farms Inc (NASDAQ BOBE) opened at 71.64 on Tuesday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 79.16 and a beta of 0.45. The company has a 50-day moving average price of $68.51 and a 200 day moving average price of $58.70. Bob Evans Farms Inc has a 12-month low of $35.63 and a 12-month high of $75.34.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, March 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.01. Bob Evans Farms had a return on equity of 19.59% and a net margin of 1.74%. The firm had revenue of $335.90 million for the quarter, compared to analysts’ expectations of $344.56 million. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research analysts predict that Bob Evans Farms Inc will post $1.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 12th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 8th. Bob Evans Farms’s dividend payout ratio (DPR) is 121.43%.

BOBE has been the topic of a number of recent research reports. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Maxim Group upped their price objective on Bob Evans Farms from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. William Blair initiated coverage on Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price objective on the stock. CIBC reaffirmed a “market perform” rating and set a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating and set a $77.00 price objective on shares of Bob Evans Farms in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.08.

Bob Evans Farms Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BOBE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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