Bob Evans Farms, Inc. (NASDAQ:BOBE) Gains 5.98% in Pre-market

Wayne National Forest                                                                   CC BY 2.0

More notable recent Bob Evans Farms Inc (NASDAQ:BOBE) news were published by: Foodbusinessnews.net which released: "Bob Evans Farms finds its niche" on August 30, 2017, also Forbes.com with their article: "Bob Evans Stock Boosted By Half-Billion Dollar Deal To Take Its Restaurants ..." published on January 25, 2017, Seekingalpha.com published: "Leaner Bob Evans Farms tops earnings estimates" on June 15, 2017. The Company operates through BEF Foods segment. If you are reading this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Oppenheimer Holdings, Inc. reiterated a hold rating and issued a $72.00 price target on shares of Bob Evans Farms in a report on Friday, September 8th. "We look forward to welcoming the talented Bob Evans team to Post and working to create a successful future together". They set a "neutral" rating and a $76.00 price objective for the company.

Equity analyst Berenberg started covering BOBE by announcing an initial rating of "Buy". Bob Evans Farms had 16 analyst reports since August 31, 2015 according to SRatingsIntel. Oppenheimer Holdings, Inc.'s price objective would suggest a potential upside of 2.08% from the stock's current price. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company now has an average rating of Buy and an average price target of $74.77.

The purchase price represents a 15 percent premium on the 30-day volume weighted average of Bob Evans shares. The day began at US$40.88 but the price moved to US$40.88 at one point during the trading and finally capitulating to a session high of US$41.8. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.45 and a beta of 0.55. The Bob Evans deal diversifies the St. Louis-based company by adding a leading brand in refrigerated side dishes and increasing its presence in the higher-growth store perimeter. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. EPS ratio determined by looking at last 12 month figures is 0.96. Bob Evans Farms Inc (NASDAQ:BOBE) has risen 55.35% since September 15, 2016 and is uptrending. Budros Ruhlin Roe, Ohio-based fund reported 8,666 shares. 10,771 are owned by First Midwest Savings Bank Trust Division. If you are accessing this article on another publication, it was copied illegally and republished in violation of worldwide trademark and copyright law. The original version of this report can be read at https://stocknewstimes.com/2017/09/15/bob-evans-farms-inc-bobe-upgraded-to-buy-by-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. On Wednesday, August 26 the stock rating was initiated by Stifel Nicolaus with "Buy". This dividend amount represented a yeild of $1.93. Bob Evans will continue its dividend payments in the ordinary course of business pending closing.

BOBE stock was up 5% as of noon Tuesday and is up 45% year-to-date. The shares were sold at an average price of $70.70, for a total transaction of $501,970.00. Oppenheimer maintained the stock with "Hold" rating in Monday, June 5 report. The transaction was disclosed in a document filed with the SEC, which is available at this link. It also reduced its holding in Goldman Sachs Group Inc (NYSE:GS) by 4,520 shares in the quarter, leaving it with 13,035 shares, and cut its stake in Itau Unibanco Holding Sa Pn Adr (NYSE:ITUB). The Fairpointe Capital Llc holds 1.27M shares with $29.74M value, down from 1.46M last quarter. For the quarter, shares are performing at 2.99%. The value of the investment in BOBE increased from $576,000 to $2,069,000 a change of 259.2% since the last quarter. Bancorporation Of Montreal Can has 0% invested in Bob Evans Farms Inc (NASDAQ:BOBE). PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator's stock worth $109,000 after acquiring an additional 68 shares during the last quarter. Blackrock Advsrs Limited Liability Corp has invested 0.02% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE). Oppenheimer downgraded the stock to "Perform" rating in Wednesday, January 4 report. Finally, Arizona State Retirement System raised its stake in Bob Evans Farms by 1.0% in the first quarter.

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