Pinebridge Investments L.P. Has $1.89 Million Holdings in Bob Evans Farms, Inc. (BOBE)

Pinebridge Investments L.P. lowered its stake in shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,419 shares of the restaurant operator’s stock after selling 1,751 shares during the period. Pinebridge Investments L.P. owned 0.12% of Bob Evans Farms worth $1,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Bob Evans Farms during the 2nd quarter valued at $101,000. Flinton Capital Management LLC lifted its holdings in shares of Bob Evans Farms by 60.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 528 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Bob Evans Farms by 7.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 115 shares during the last quarter. Creative Planning lifted its holdings in shares of Bob Evans Farms by 65.4% during the 2nd quarter. Creative Planning now owns 1,925 shares of the restaurant operator’s stock valued at $138,000 after purchasing an additional 761 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Bob Evans Farms by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 864 shares during the last quarter. Institutional investors own 77.75% of the company’s stock.

Bob Evans Farms, Inc. (NASDAQ:BOBE) opened at $77.66 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.83. Bob Evans Farms, Inc. has a 12-month low of $47.28 and a 12-month high of $78.24. The stock has a market capitalization of $1,553.86, a price-to-earnings ratio of 33.85 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last released its earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) 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 period in the prior year, the business posted $0.56 EPS. research analysts predict that Bob Evans Farms, Inc. will post 2.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, December 8th. Bob Evans Farms’s payout ratio is 22.08%.

Several analysts have recently commented on the company. CJS Securities assumed coverage on Bob Evans Farms in a report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective for the company. Berenberg Bank lowered Bob Evans Farms from a “buy” rating to a “hold” rating and decreased their price objective for the company from $78.00 to $77.00 in a report on Wednesday, September 20th. BidaskClub lowered Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Bob Evans Farms currently has a consensus rating of “Hold” and an average target price of $76.05.

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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.

Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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