Bob Evans Farms (BOBE) Stock Rating Lowered by BidaskClub

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.

Bob Evans Farms (NASDAQ:BOBE) last released its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. During the same quarter in the previous year, the firm posted $0.56 earnings per share. analysts forecast that Bob Evans Farms will post 2.21 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/bob-evans-farms-bobe-stock-rating-lowered-by-bidaskclub.html.

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.

Analyst Recommendations for Bob Evans Farms (NASDAQ:BOBE)

Receive News & Ratings for Bob Evans Farms Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply