Bob Evans Farms (NASDAQ:BOBE) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
A number of other equities research analysts have also issued reports on BOBE. ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and cut their price target for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. Maxim Group cut their price target on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Sidoti started coverage on Bob Evans Farms in a research note on Wednesday, August 23rd. They set a “neutral” rating and a $76.00 target price on the stock. Finally, Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.05.
Shares of Bob Evans Farms (NASDAQ:BOBE) opened at $77.66 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.11. Bob Evans Farms has a 1 year low of $47.28 and a 1 year high of $78.24. The stock has a market capitalization of $1,553.86, a PE ratio of 33.85 and a beta of 0.54.
A number of institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its stake in Bob Evans Farms by 6.2% in the third quarter. California Public Employees Retirement System now owns 76,917 shares of the restaurant operator’s stock valued at $5,962,000 after buying an additional 4,459 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Bob Evans Farms by 8.8% during the third quarter. Bamco Inc. NY now owns 62,000 shares of the restaurant operator’s stock worth $4,806,000 after buying an additional 5,000 shares during the last quarter. Pentwater Capital Management LP purchased a new position in shares of Bob Evans Farms during the third quarter worth about $5,813,000. Highbridge Capital Management LLC purchased a new position in shares of Bob Evans Farms during the third quarter worth about $482,000. Finally, Jane Street Group LLC boosted its holdings in Bob Evans Farms by 764.0% in the 3rd quarter. Jane Street Group LLC now owns 11,128 shares of the restaurant operator’s stock valued at $863,000 after purchasing an additional 9,840 shares in the last quarter. Institutional investors own 77.75% of the company’s stock.
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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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