Ledyard National Bank acquired a new stake in shares of Bob Evans Farms Inc (NASDAQ:BOBE) during the first quarter, Holdings Channel reports. The institutional investor acquired 3,630 shares of the restaurant operator’s stock, valued at approximately $236,000.
Several other hedge funds have also recently made changes to their positions in BOBE. Elkfork Partners LLC purchased a new stake in shares of Bob Evans Farms during the fourth quarter valued at approximately $141,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bob Evans Farms during the third quarter valued at approximately $149,000. Pacad Investment Ltd. increased its stake in shares of Bob Evans Farms by 47.6% in the fourth quarter. Pacad Investment Ltd. now owns 3,100 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 1,000 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Bob Evans Farms by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,390 shares of the restaurant operator’s stock valued at $168,000 after buying an additional 70 shares during the last quarter. Finally, Ellington Management Group LLC purchased a new stake in shares of Bob Evans Farms during the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.
Shares of Bob Evans Farms Inc (NASDAQ:BOBE) traded up 1.45% during mid-day trading on Thursday, reaching $67.11. 95,304 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.33 billion, a PE ratio of 74.15 and a beta of 0.45. Bob Evans Farms Inc has a 1-year low of $35.63 and a 1-year high of $67.26. The company’s 50 day moving average is $61.69 and its 200 day moving average is $51.85.
Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Wednesday, March 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.01. The business earned $335.90 million during the quarter, compared to analyst estimates of $344.56 million. Bob Evans Farms had a net margin of 1.74% and a return on equity of 19.59%. Bob Evans Farms’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Equities research analysts anticipate that Bob Evans Farms Inc will post $2.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 27th. Stockholders of record on Monday, March 13th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 9th. Bob Evans Farms’s dividend payout ratio (DPR) is 121.43%.
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Several brokerages have recently commented on BOBE. Oppenheimer Holdings Inc. downgraded shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 4th. TheStreet downgraded shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. 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 research report on Tuesday, March 7th. Finally, Citigroup Inc downgraded shares of Bob Evans Farms from a “positive” rating to a “market perform” rating in a research report on Wednesday, January 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.50.
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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