Today, Louisiana State Employees Retirement System Reduces Position in Bob Evans Farms Inc. (BOBE)

Today, Louisiana State Employees Retirement System Reduces Position in Bob Evans Farms Inc. (BOBE)

Louisiana State Employees Retirement System lowered its position in shares of Bob Evans Farms Inc. (NASDAQ:BOBE) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 8,700 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Bob Evans Farms were worth $333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOBE. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in Bob Evans Farms by 4.2% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,819 shares of the company’s stock worth $223,000 after buying an additional 234 shares in the last quarter. First Quadrant L P CA purchased a new position in Bob Evans Farms during the third quarter worth approximately $801,000. Eidelman Virant Capital purchased a new position in Bob Evans Farms during the third quarter worth approximately $6,120,000. MSI Financial Services Inc increased its position in Bob Evans Farms by 698.0% in the third quarter. MSI Financial Services Inc now owns 3,208 shares of the company’s stock worth $123,000 after buying an additional 2,806 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new position in Bob Evans Farms during the second quarter worth approximately $147,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Bob Evans Farms Inc. (NASDAQ:BOBE) traded up 0.09% during mid-day trading on Friday, reaching $44.96. The company had a trading volume of 148,101 shares. The stock has a 50 day moving average of $41.52 and a 200 day moving average of $40.18. Bob Evans Farms Inc. has a 52 week low of $35.63 and a 52 week high of $48.24. The stock has a market capitalization of $888.68 million, a price-to-earnings ratio of 32.05 and a beta of 0.39.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Bob Evans Farms had a return on equity of 17.38% and a net margin of 2.20%. The company earned $306.30 million during the quarter, compared to analysts’ expectations of $310.89 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts anticipate that Bob Evans Farms Inc. will post $2.10 earnings per share for the current year.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Maxim Group lowered their target price 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Bob Evans Farms currently has a consensus rating of “Buy” and a consensus price target of $50.20.

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.

Related posts

Leave a Comment