Ameriprise Financial Inc. Has $6.95 Million Stake in Bob Evans Farms, Inc. (BOBE)

Ameriprise Financial Inc. cut its stake in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,192 shares of the restaurant operator’s stock after selling 15,919 shares during the period. Ameriprise Financial Inc. owned approximately 0.54% of Bob Evans Farms worth $6,954,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BOBE. State of Alaska Department of Revenue increased its stake in shares of Bob Evans Farms by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,180 shares of the restaurant operator’s stock worth $141,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Bob Evans Farms by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the restaurant operator’s stock worth $525,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Bob Evans Farms by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 33,489 shares of the restaurant operator’s stock worth $1,782,000 after buying an additional 538 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Bob Evans Farms by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,730 shares of the restaurant operator’s stock worth $571,000 after buying an additional 620 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Bob Evans Farms by 3.8% in the first quarter. Comerica Bank now owns 19,698 shares of the restaurant operator’s stock worth $1,308,000 after buying an additional 714 shares during the last quarter. 78.89% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 72.53 on Friday. Bob Evans Farms, Inc. has a one year low of $35.63 and a one year high of $75.34. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.54 and a beta of 0.53. The firm’s 50-day moving average price is $69.89 and its 200 day moving average price is $60.70.

Bob Evans Farms (NASDAQ:BOBE) last announced its earnings results on Thursday, June 15th. The restaurant operator reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $99.90 million during the quarter, compared to analyst estimates of $325.70 million. Bob Evans Farms had a net margin of 15.15% and a return on equity of 19.58%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, equities research analysts expect that Bob Evans Farms, Inc. will post $2.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 12th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.88%. Bob Evans Farms’s dividend payout ratio is presently 21.69%.

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A number of analysts recently commented on the company. Zacks Investment Research raised Bob Evans Farms from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Maxim Group increased their price target on Bob Evans Farms from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. CIBC reaffirmed a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $77.00 price target on shares of Bob Evans Farms in a research report on Monday, June 5th. Finally, William Blair assumed coverage on Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Bob Evans Farms has a consensus rating of “Hold” and an average price target of $73.28.

Bob Evans Farms Company Profile

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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