Bob Evans Farms Inc (NASDAQ:BOBE) declared a quarterly dividend on Tuesday, November 28th, RTT News reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.34 per share by the restaurant operator on Friday, December 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, December 8th.
Bob Evans Farms has increased its dividend payment by an average of 5.1% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Bob Evans Farms has a payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bob Evans Farms to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 54.8%.
Bob Evans Farms (BOBE) traded down $0.67 during midday trading on Friday, reaching $78.82. The company had a trading volume of 495,696 shares, compared to its average volume of 257,125. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Bob Evans Farms has a one year low of $47.28 and a one year high of $79.70. The stock has a market cap of $1,570.00, a PE ratio of 61.58 and a beta of 0.54.
Several equities research analysts have weighed in on BOBE shares. Zacks Investment Research upgraded Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Monday, September 4th. Oppenheimer reiterated a “hold” rating and issued a $72.00 target price on shares of Bob Evans Farms in a report on Friday, September 8th. BidaskClub cut Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. ValuEngine cut Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, William Blair cut Bob Evans Farms from an “outperform” rating to a “market perform” rating in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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.
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