Todays Report: Today, Bob Evans Farms Inc. (BOBE) Rating Increased to Buy at TheStreet

Today, Bob Evans Farms Inc. (BOBE) Rating Increased to Buy at TheStreet

Bob Evans Farms Inc. (NASDAQ:BOBE) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also commented on BOBE. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Maxim Group cut their price target on shares of Bob Evans Farms from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $50.20.

Bob Evans Farms (NASDAQ:BOBE) opened at 44.72 on Friday. The company has a market cap of $883.94 million, a PE ratio of 31.87 and a beta of 0.39. Bob Evans Farms has a 12-month low of $35.63 and a 12-month high of $48.24. The firm’s 50-day moving average price is $41.70 and its 200-day moving average price is $40.07.

Bob Evans Farms (NASDAQ:BOBE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company 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%. Bob Evans Farms’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities research analysts forecast that Bob Evans Farms will post $2.11 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BOBE. Tocqueville Asset Management L.P. raised its position in Bob Evans Farms by 12.4% in the third quarter. Tocqueville Asset Management L.P. now owns 9,816 shares of the company’s stock valued at $376,000 after buying an additional 1,083 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Bob Evans Farms by 6.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,570 shares of the company’s stock valued at $1,236,000 after buying an additional 1,955 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Bob Evans Farms during the second quarter valued at about $431,000. Prudential Financial Inc. raised its position in Bob Evans Farms by 10.3% in the second quarter. Prudential Financial Inc. now owns 52,904 shares of the company’s stock valued at $2,008,000 after buying an additional 4,950 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Bob Evans Farms by 26.4% in the second quarter. Vanguard Group Inc. now owns 2,071,322 shares of the company’s stock valued at $78,607,000 after buying an additional 432,659 shares during the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

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