Bob Evans Farms (NASDAQ:BOBE) Releases Earnings Results, Meets Estimates

Bob Evans Farms (NASDAQ:BOBE) posted its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35, Bloomberg Earnings reports. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The firm had revenue of $117.63 million for the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the firm earned $0.56 EPS.

Shares of Bob Evans Farms (NASDAQ:BOBE) traded down $0.67 during trading hours on Friday, reaching $78.82. The company had a trading volume of 495,696 shares, compared to its average volume of 257,125. Bob Evans Farms has a 12 month low of $47.28 and a 12 month high of $79.70. The firm has a market cap of $1,570.00, a price-to-earnings ratio of 61.58 and a beta of 0.54. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.72.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Monday, December 11th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, December 8th. Bob Evans Farms’s dividend payout ratio (DPR) is currently 106.25%.

A number of research firms have issued reports on BOBE. Maxim Group downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research note on Tuesday, September 19th. Berenberg Bank downgraded Bob Evans Farms from a “buy” rating to a “hold” rating and cut their target price for the company from $78.00 to $77.00 in a research report on Wednesday, September 20th. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Monday, September 4th. BidaskClub cut Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Finally, CJS Securities started coverage on Bob Evans Farms in a report on Wednesday, September 20th. They set an “outperform” rating and a $85.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $76.05.

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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.

Earnings History for Bob Evans Farms (NASDAQ:BOBE)

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