OppenheimerFunds Inc. increased its position in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,411 shares of the restaurant operator’s stock after buying an additional 491 shares during the period. OppenheimerFunds Inc. owned 0.08% of Bob Evans Farms worth $1,065,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in BOBE. Guggenheim Capital LLC bought a new stake in shares of Bob Evans Farms during the fourth quarter worth $1,839,000. Ledyard National Bank bought a new stake in shares of Bob Evans Farms during the first quarter worth $236,000. Russell Investments Group Ltd. bought a new stake in shares of Bob Evans Farms during the fourth quarter worth $5,237,000. Park National Corp OH boosted its stake in shares of Bob Evans Farms by 11.0% in the first quarter. Park National Corp OH now owns 19,041 shares of the restaurant operator’s stock worth $1,235,000 after buying an additional 1,888 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Bob Evans Farms by 6.3% in the fourth quarter. Comerica Bank now owns 18,984 shares of the restaurant operator’s stock worth $921,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 78.44% of the company’s stock.
Shares of Bob Evans Farms, Inc. (BOBE) traded up 0.09% on Friday, hitting $69.42. 254,514 shares of the company were exchanged. Bob Evans Farms, Inc. has a 52-week low of $35.76 and a 52-week high of $75.34. The company has a 50-day moving average price of $69.53 and a 200 day moving average price of $63.76. The firm has a market cap of $1.38 billion, a P/E ratio of 11.04 and a beta of 0.55.
Bob Evans Farms (NASDAQ:BOBE) last posted its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.19. The firm had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Analysts predict that Bob Evans Farms, Inc. will post $2.21 EPS for the current fiscal year.
BOBE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. William Blair initiated coverage on shares of Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target for the company. Maxim Group lifted their price target on shares of Bob Evans Farms from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. BidaskClub cut shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating and issued a $77.00 price objective on shares of Bob Evans Farms in a report on Monday, June 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.90.
In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $70.70, for a total transaction of $501,970.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
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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