Published: Fri, September 22, 2017
Economy | By Annette Adams

Bob Evans Farms Inc (BOBE): +DI Recorded Above -DI on This Stock

Bob Evans Farms Inc (BOBE): +DI Recorded Above -DI on This Stock

(NASDAQ:BOBE) has alerted everyone to look out for right opportunity to invest. The brokerage presently has a $77.00 price objective on the restaurant operator's stock. The 20-day RSI for BOBE is 71.49%, which suggests that the stock may be primed for a trend reversal or a corrective pullback in price. (NASDAQ:BOBE) was downgraded by equities research analysts at William Blair from an "outperform" rating to a "market perform" rating in a report issued on Friday. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. Sidoti initiated coverage on Bob Evans Farms in a research note on Wednesday, August 23rd. Finally, BidaskClub lowered Bob Evans Farms from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 12th.

BOBE is now overvalued by 2.3% relative to the average 1-year price target of $75.75 taken from a group of Wall Street Analysts.

Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Bob Evans Farms (BOBE) opened at 77.29 on Wednesday.

The company's P/E ratio is 12.54 and market cap is 1.54B. Bob Evans Farms has a 12-month low of $36.88 and a 12-month high of $78.18. The stock has a 50 day moving average price of $67.41 and a 200-day moving average price of $67.17. The dividend payment was $0.340 per share for the quarter which comes to $1.36 on an annualized basis. Blackrock Incorporated stated it has 0.01% in Bob Evans Farms Inc (NASDAQ:BOBE). Analysts expect next quarter's EPS to be $0.79 and the next full year EPS is projected to be $2.56. The firm's revenue for the quarter was up 27.2% compared to the same quarter past year. Bob Evans Farms had a ROE of 19.52% and a net profit margin of 19.49%. the business reported sales of $109.30 M for the period compared to brokers forecast of $102.29 M. for the same quarter previous year, the business reported $0.48 EPS. "(BOBE) Cut to Hold at Maxim Group" was originally published by Week Herald and is owned by of Week Herald. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation.

Recent session action on shares of J. C. Penney Company, Inc. Institutional investors and hedge funds own 76.85% of the company's stock.

The sale to Post "creates enhanced and certain value for our stockholders, while providing further resources and reach to deliver the Bob Evans experience to a broader audience of consumers and retailers", CEO Mike Townsley said. Quantbot Technologies LP purchased a new position in shares of Bob Evans Farms during the second quarter worth approximately $101,000. TXRH has diverse figures for different time frames; starting from week's performance it has negative performance of -0.41% in last five regular trading sessions. Victory Capital Management Inc. boosted its stake in shares of Bob Evans Farms by 4,068.0% during the first quarter. Lastly, Creative Planning grew its holdings in Bob Evans Farms by 65.4% in the Fiscal Q2. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator's stock worth $101,000 after acquiring an additional 528 shares during the period.

As The Financial Times reports, Rob Vitale, Post's ambitious CEO, "has been seeking to consolidate parts of the cereals, snacks and protein bars markets through a series of deals since the company was spun out of Ralcorp Holdings in 2012". The Company's food products are distributed to clients throughout the United States.

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