Catalyst Capital Advisors LLC cut its position in Bob Evans Farms Inc (NASDAQ:BOBE) by 34.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,800 shares of the restaurant operator’s stock after selling 18,400 shares during the period. Catalyst Capital Advisors LLC’s holdings in Bob Evans Farms were worth $2,257,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its position in Bob Evans Farms by 7.3% in the third quarter. BlackRock Fund Advisors now owns 1,385,820 shares of the restaurant operator’s stock worth $53,077,000 after buying an additional 94,413 shares during the last quarter. State Street Corp increased its position in Bob Evans Farms by 12.0% in the fourth quarter. State Street Corp now owns 522,281 shares of the restaurant operator’s stock worth $27,786,000 after buying an additional 56,056 shares during the last quarter. Managed Asset Portfolios LLC increased its position in Bob Evans Farms by 7.0% in the fourth quarter. Managed Asset Portfolios LLC now owns 337,958 shares of the restaurant operator’s stock worth $17,983,000 after buying an additional 22,172 shares during the last quarter. Bank of New York Mellon Corp increased its position in Bob Evans Farms by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 334,754 shares of the restaurant operator’s stock worth $12,821,000 after buying an additional 14,804 shares during the last quarter. Finally, Norges Bank bought a new position in Bob Evans Farms during the fourth quarter worth about $13,852,000. 78.28% of the stock is owned by institutional investors.
Bob Evans Farms Inc (NASDAQ:BOBE) traded up 1.43% during midday trading on Friday, hitting $71.43. 560,767 shares of the stock were exchanged. The firm’s 50 day moving average price is $66.30 and its 200 day moving average price is $56.25. Bob Evans Farms Inc has a 12 month low of $35.63 and a 12 month high of $72.28. The company has a market cap of $1.41 billion, a PE ratio of 78.93 and a beta of 0.45.
Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, March 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by $0.01. The firm had revenue of $335.90 million for the quarter, compared to the consensus estimate of $344.56 million. Bob Evans Farms had a return on equity of 19.59% and a net margin of 1.74%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. On average, equities research analysts forecast that Bob Evans Farms Inc will post $1.38 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Friday, June 16th. Investors of record on Tuesday, May 30th will be paid a dividend of $7.50 per share. The ex-dividend date is Thursday, May 25th. This represents a dividend yield of 2%. Bob Evans Farms’s dividend payout ratio (DPR) is presently 121.43%.
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A number of equities research analysts have weighed in on BOBE shares. Maxim Group upped their price objective on shares of Bob Evans Farms from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Bob Evans Farms from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, March 7th. Finally, William Blair started coverage on shares of Bob Evans Farms in a report on Wednesday, May 3rd. They issued an “outperform” rating and a $67.41 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $65.35.
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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