Gotham Asset Management LLC Buys Shares of 57,130 Bob Evans Farms, Inc. (BOBE)

Gotham Asset Management LLC bought a new position in Bob Evans Farms, Inc. (NASDAQ:BOBE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,130 shares of the restaurant operator’s stock, valued at approximately $4,104,000. Gotham Asset Management LLC owned about 0.29% of Bob Evans Farms as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Bob Evans Farms by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,680 shares of the restaurant operator’s stock worth $109,000 after buying an additional 68 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Bob Evans Farms by 1.0% in the first quarter. Arizona State Retirement System now owns 10,312 shares of the restaurant operator’s stock worth $669,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Bob Evans Farms by 0.8% in the second quarter. Texas Permanent School Fund now owns 14,431 shares of the restaurant operator’s stock worth $1,037,000 after buying an additional 121 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Bob Evans Farms by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,622 shares of the restaurant operator’s stock worth $300,000 after buying an additional 303 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Bob Evans Farms by 7.9% in the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock worth $384,000 after buying an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 76.85% of the company’s stock.

Bob Evans Farms, Inc. (NASDAQ BOBE) opened at 77.34 on Friday. The firm’s 50-day moving average price is $72.52 and its 200-day moving average price is $69.16. The stock has a market cap of $1.54 billion, a P/E ratio of 12.55 and a beta of 0.58. Bob Evans Farms, Inc. has a 12 month low of $38.58 and a 12 month high of $78.18.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings data on Wednesday, August 30th. The restaurant operator reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.29 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, analysts predict that Bob Evans Farms, Inc. will post $2.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Monday, September 4th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, August 30th. Bob Evans Farms’s dividend payout ratio (DPR) is 22.08%.

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A number of brokerages have recently commented on BOBE. Zacks Investment Research upgraded Bob Evans Farms from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded Bob Evans Farms from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Maxim Group lowered their target price on Bob Evans Farms from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and lowered their target price for the stock from $78.00 to $77.00 in a research note on Wednesday, September 20th. Finally, Sidoti started coverage on Bob Evans Farms in a research report on Wednesday, August 23rd. They set a “neutral” rating and a $76.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $76.05.

Bob Evans Farms 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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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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