BNP Paribas Arbitrage SA reduced its position in Bob Evans Farms Inc. (NASDAQ:BOBE) by 62.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,837 shares of the company’s stock after selling 6,476 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bob Evans Farms were worth $147,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new stake in Bob Evans Farms during the second quarter worth $147,000. Arizona State Retirement System increased its stake in Bob Evans Farms by 2.0% in the second quarter. Arizona State Retirement System now owns 10,312 shares of the company’s stock worth $391,000 after buying an additional 200 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Bob Evans Farms during the second quarter worth $505,000. AQR Capital Management LLC purchased a new stake in Bob Evans Farms during the second quarter worth $795,000. Finally, A.R.T. Advisors LLC increased its stake in Bob Evans Farms by 37.3% in the second quarter. A.R.T. Advisors LLC now owns 13,982 shares of the company’s stock worth $530,000 after buying an additional 3,800 shares during the last quarter. Institutional investors own 79.88% of the company’s stock.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm earned $306.30 million during the quarter, compared to the consensus estimate of $310.89 million. Bob Evans Farms had a return on equity of 17.38% and a net margin of 2.20%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Monday, September 5th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.53%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 97.14%.
Several analysts have weighed in on BOBE shares. Zacks Investment Research upgraded Bob Evans Farms from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $50.00 price objective on shares of Bob Evans Farms in a research report on Wednesday, June 15th. Maxim Group lowered their price objective on Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, TheStreet downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.80.
Bob Evans Farms Company Profile
Bob Evans Farms, Inc (Bob Evans) is a full-service restaurant company. The Company produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States.
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