Bob Evans Farms, Inc. (NASDAQ:BOBE) Rating Reiterated by Maxim Group

Marcus Newton
September 20, 2017

The next-biggest after Bob Evans is Campbell Soup Co.'s $700 million purchase in July of organic-soups maker Pacific Foods of Oregon. The company had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. Point72 Asset Management, L.p. added to its position by buying 335,000 shares an increase of 1,308.6% in the quarter. The business's revenue was up 27.2% compared to the same quarter a year ago.

The Board of Directors for both Post Holdings Inc and Bob Evans Farms Inc have both given their approval to the deal.

In the market the company is trading up since yesterday's close of 70.51. About 180,563 shares traded. Bob Evans Farms has a 12-month low of $36.88 and a 12-month high of $75.34.

Company shares last traded at $71.91 marginally over the 50 day moving average which is $67.08 and which is just a bit higher than the 200 day moving average of $66.76. The stock has a market cap of $1.41 billion, a PE ratio of 11.45 and a beta of 0.55. Oppenheimer maintained Bob Evans Farms Inc (NASDAQ:BOBE) on Wednesday, August 30 with "Hold" rating. Bamco Ny holds 0.01% or 168,500 shares in its portfolio. This dividend amount represented a yeild of $1.93. (BOBE) Ex-Dividend Date Scheduled for August 30, 2017" with publication date: "August 29, 2017. The monthly stock performance comes in at 0.00%. Following the completion of the sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90.

In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the firm's stock in a transaction dated Thursday, June 22nd. Wedge Cap Management L Limited Partnership Nc has invested 0% in Bob Evans Farms Inc (NASDAQ:BOBE). BlackRock Inc. now owns 2,951,515 shares of the restaurant operator's stock valued at $191,465,000 after acquiring an additional 2,914,983 shares during the period. Finally, State Street Corp grew its position in Bob Evans Farms by 2.0% in the second quarter.

Shares of Bob Evans Farms closed the previous trading session at with shares trading hands. Northern Trust Corp increased its stake in shares of Bob Evans Farms by 1.9% during the second quarter.

03/19/2014 - Bob Evans Farms, Inc. was upgraded to "buy" by analysts at TheStreet. Creative Planning has an ownership of 1,925 stocks of the restaurant operator's shares valued at $138,000 following purchasing an extra 761 shares through out the quarter. However, the institutional investors are observed to own 79.70% of the total shares. Look for the first earnings report including the combined companies' performance to tell the tale. If you are accessing this article on another publication, it was copied illegally and republished in violation of global trademark and copyright law.

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12/03/2015 - Bob Evans Farms, Inc. was upgraded to "equal weight" by analysts at Stephens.

A number of analysts recently weighed in on the stock.

Including the assumption of a small amount of debt, Post is effectively paying about 15 times projected annual adjusted Ebitda of $107 million and almost 16 times trailing 12-month Ebitda.

Brokerage firms now have a positive stance on shares of Bob Evans Farms, Inc. BidaskClub raised shares of Bob Evans Farms from a hold rating to a buy rating in a research note on Wednesday, August 2nd.

05/03/2017 - William Blair began new coverage on Bob Evans Farms, Inc. giving the company a "outperform" rating. During last 3 month period, -0.82% of total institutional ownership has changed in the company shares.

Founded in 1948, Evans distributes sausages, refrigerated potato/pasta/vegetable side dishes and frozen convenience items under the Bob Evans, Owens, Country Creek and Pineland Farms brands.

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