News coverage about Bob Evans Farms (NASDAQ:BOBE) has been trending positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bob Evans Farms earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 40 out of 100, indicating that recent press coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Is Bob Evans Farms, Inc. (NASDAQ:BOBE) Ready for a Breakout? – FLBC News (flbcnews.com)
- Bob Evans Farms, Inc. (BOBE) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Do Analysts See Any Upside to Bob Evans Farms, Inc. (NASDAQ:BOBE)? – Evergreen Caller (evergreencaller.com)
- BidaskClub Downgrades Bob Evans Farms, Inc. (NASDAQ:BOBE) to Buy (nolopodrasdejardever.com)
- Potbelly’s Chances of a Sale Increase as Activist Hovers – TheStreet.com (thestreet.com)
BOBE has been the topic of several recent research reports. Maxim Group boosted their price target on Bob Evans Farms from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. William Blair initiated coverage on Bob Evans Farms in a research report on Wednesday, May 3rd. They set an “outperform” rating and a $67.41 price target on the stock. Oppenheimer Holdings, Inc. reissued 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, CIBC reaffirmed a “market perform” rating and issued a $77.00 target price on shares of Bob Evans Farms in a research report on Monday, June 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $73.28.
Bob Evans Farms (BOBE) opened at 66.76 on Tuesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.62 and a beta of 0.55. Bob Evans Farms has a 12 month low of $35.76 and a 12 month high of $75.34. The firm has a 50 day moving average price of $70.58 and a 200-day moving average price of $61.56.
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 the consensus estimate of $0.42 by $0.19. Bob Evans Farms had a return on equity of 19.58% and a net margin of 15.15%. The firm had revenue of $99.90 million during the quarter, compared to the consensus estimate of $325.70 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that Bob Evans Farms will post $2.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 12th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.04%. Bob Evans Farms’s dividend payout ratio is currently 21.69%.
In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $70.70, for a total value of $501,970.00. Following the completion of the sale, the senior vice president now owns 4,367 shares in the company, valued at approximately $308,746.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.
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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