JPMorgan Chase & Co. decreased its position in Bob Evans Farms, Inc. (NASDAQ:BOBE) by 68.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 142,404 shares of the company’s stock after selling 305,384 shares during the period. JPMorgan Chase & Co. owned 0.72% of Bob Evans Farms worth $5,454,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Bob Evans Farms by 38.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,313 shares of the company’s stock worth $391,000 after buying an additional 2,870 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Bob Evans Farms by 0.3% in the second quarter. Capstone Asset Management Co. now owns 6,929 shares of the company’s stock worth $263,000 after buying an additional 20 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Bob Evans Farms during the second quarter worth $431,000. New York State Teachers Retirement System boosted its stake in Bob Evans Farms by 3.3% in the second quarter. New York State Teachers Retirement System now owns 59,859 shares of the company’s stock worth $2,272,000 after buying an additional 1,900 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Bob Evans Farms by 121.9% in the second quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock worth $269,000 after buying an additional 3,900 shares during the last quarter. 79.15% of the stock is owned by institutional investors.
Shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) traded down 0.20% during trading on Wednesday, hitting $49.22. The stock had a trading volume of 148,361 shares. Bob Evans Farms, Inc. has a one year low of $35.63 and a one year high of $55.12. The firm’s 50-day moving average is $50.36 and its 200-day moving average is $41.47. The firm has a market cap of $972.83 million, a P/E ratio of 43.10 and a beta of 0.45.
Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Monday, December 5th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.11. The firm earned $316 million during the quarter. Bob Evans Farms had a return on equity of 19.59% and a net margin of 1.74%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities research analysts forecast that Bob Evans Farms, Inc. will post $2.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Monday, December 12th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, December 8th. Bob Evans Farms’s dividend payout ratio is currently 121.43%.
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A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, October 25th. TheStreet raised Bob Evans Farms from a “hold” rating to a “buy” rating in a research note on Friday, November 25th. Maxim Group increased their target price on Bob Evans Farms from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $55.00 target price (up from $50.00) on shares of Bob Evans Farms in a research note on Wednesday, December 7th. Finally, Citigroup Inc. downgraded Bob Evans Farms from a “positive” rating to a “market perform” rating in a research note on Wednesday, January 4th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.50.
About Bob Evans Farms
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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