Swiss National Bank cut its stake in shares of Bob Evans Farms Inc. (NASDAQ:BOBE) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,200 shares of the company’s stock after selling 900 shares during the period. Swiss National Bank owned approximately 0.17% of Bob Evans Farms worth $1,260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BOBE. Springbok Capital Management LLC purchased a new position in shares of Bob Evans Farms during the first quarter valued at $107,000. Royal Bank of Canada increased its position in shares of Bob Evans Farms by 37.3% in the first quarter. Royal Bank of Canada now owns 3,098 shares of the company’s stock valued at $144,000 after buying an additional 841 shares during the period. Capstone Asset Management Co. increased its position in shares of Bob Evans Farms by 0.3% in the second quarter. Capstone Asset Management Co. now owns 6,929 shares of the company’s stock valued at $263,000 after buying an additional 20 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Bob Evans Farms by 121.9% in the second quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock valued at $269,000 after buying an additional 3,900 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of Bob Evans Farms during the first quarter valued at $310,000. Institutional investors and hedge funds own 79.88% of the company’s stock.
Bob Evans Farms Inc. (NASDAQ:BOBE) traded up 0.87% during mid-day trading on Friday, reaching $38.30. 173,201 shares of the company traded hands. The stock has a 50 day moving average price of $38.47 and a 200-day moving average price of $41.68. The company has a market capitalization of $757.04 million, a P/E ratio of 27.30 and a beta of 0.65. Bob Evans Farms Inc. has a 52-week low of $35.63 and a 52-week high of $48.24.
Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $306.30 million for the quarter, compared to analyst estimates of $310.89 million. Bob Evans Farms had a net margin of 2.20% and a return on equity of 17.38%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Analysts expect that Bob Evans Farms Inc. will post $2.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Monday, September 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Wednesday, August 31st. Bob Evans Farms’s payout ratio is presently 97.14%.
Several brokerages have recently weighed in on BOBE. TheStreet downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Maxim Group decreased their target price on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Zacks Investment Research downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $50.00 price target on shares of Bob Evans Farms in a report on Wednesday, June 15th. One investment 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 stock has an average rating of “Hold” and an average 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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