Bob Evans Farms, Inc. (BOBE) Stock Rating Upgraded by Zacks Investment Research

On 5/31/2017 Bob Evans Farms announced a quarterly dividend of $0.34 1.9% with an ex dividend date of 6/8/2017 which will be payable on 6/26/2017.

Going forward, Post plans to combine its existing refrigerated retail egg, potato and cheese business with Bob Evans, establishing a refrigerated retail business within the company to be led by current Bob Evans President and CEO Mike Townsley. The company had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.29 million. Point72 Asset Management, L.p. added to its position by buying 335,000 shares an increase of 1,308.6% in the quarter. The firm's revenue for the quarter was up 27.2% compared to the same quarter previous year.

Bob Evans Farms, Inc.

The boards of both companies have approved the sale, which is targeted to close in Post's second quarter next year.

About 3,450 shares traded. The stock of Bob Evans Farms Inc (NASDAQ:BOBE) earned "Hold" rating by Oppenheimer on Monday, June 26. The stock's market capitalization is 1.45B.

What Historical Figures Say About Bob Evans Farms, Inc. Ameriprise Finance holds 0% or 123,111 shares in its portfolio. This dividend represents a yeild of $1.93 which is the dividend as a percentage of the current share price. Louisiana State Employees Retirement System grew its stake in Bob Evans Farms by 2.5% in the 1st quarter. The monthly stock performance comes in at 0.00%. They now have a $77.00 price target on the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm's stock in a transaction dated Thursday, June 22nd.

Bob Evans Farms, Inc. Stock value has moved between $2.18 - 9.19 in last one year. Quantbot Technologies LP purchased a new stake in Bob Evans Farms during the second quarter worth approximately $101,000. Maxim Group cut shares of Bob Evans Farms from a "buy" recommendation to a "hold" recommendation and fixed a $77.00 price objective on the shares.in a study report on early Tue. With 447,200 avg volume, 3 days are for Bob Evans Farms Incorporated (NASDAQ:BOBE)'s short sellers to cover BOBE's short positions. Creative Planning has an ownership of 1,925 stocks of the restaurant operator's shares valued at $138,000 following purchasing an extra 761 shares through out the quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another domain, it was copied illegally and reposted in violation of US and worldwide trademark & copyright laws.

12/03/2015 - Bob Evans Farms, Inc. was upgraded to "equal weight" by analysts at Stephens.

Other analysts also recently issued reports about the company.

Short traders are feeling a little more bearish on Bob Evans Farms, Inc. of late if you consider the increase in short interest. Zacks Investment Research raised shares of Bob Evans Farms from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. Bankshares Of Ny Mellon has 0.01% invested in Bob Evans Farms Inc (NASDAQ:BOBE). William Blair upgraded Sientra Inc (NASDAQ:SIEN) on Wednesday, September 13 to "Outperform" rating. They issued an "outperform" rating and a $67.41 target price on the stock. Bob Evans Farms presently has an average rating of "Buy" and an average target price of $74.77.

Founded in 1948, Evans distributes sausages, refrigerated potato/pasta/vegetable side dishes and frozen convenience items under the Bob Evans, Owens, Country Creek and Pineland Farms brands.

  • Anthony Vega