Bob Evans posts 3Q profit

As part of its strategy shift to get out of the restaurant business and focus on its growing consumers product business, Bob Evans announced it planned to acquire Pineland Farms Potato Company. Additionally, the Company manufactures and sells similar products to foodservice customers, including Bob Evans Restaurants and other restaurants and food sellers. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. TheStreet raised shares of Bob Evans Farms from a "hold" rating to a "buy" rating in a report on Friday, November 25th. Bob Evans Farms had a net margin of 1.74% and a return on equity of 19.59%. The consensus target price is $55.00 with 2 firms rating the stock a strong buy, 0 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

"We're making progress with our preparations for the upcoming sale", Bob Evans Farms CEO Saed Mohseni said on the company's earnings call Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. They now have a United States dollars 55 price target on the stock. 197,007 shares of the stock were exchanged. The stock's market capitalization is 1.12B. After a recent look, shares have been seen 28.90% from the 200-day moving average, and 4.70% from the 50-day moving average.

Bob Evans Farms reported net sales from continuing operations of $112.8 million, a rise of 4.6% on an increase of $4.9 million when compared to $107.9 million year over year for Q3, according to the company's latest earnings report. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.01. The business had revenue of $335.90 million for the quarter, compared to analyst estimates of $344.56 million. Guggenheim Capital LLC purchased a new position in shares of Bob Evans Farms during the fourth quarter worth approximately $1,839,000. For the quarter ending Oct-17, 1 analyst has a mean sales target of 327.80 million whilst for the year ending Apr-17, 3 analysts have a mean target of 1,291.46 million.

Bob Evans Farms (NASDAQ:BOBE) opened at 58.59 on Thursday.

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

06/25/2015 - Bob Evans Farms, Inc. was upgraded to "buy" by analysts at Miller Tabak. Stockholders of record on Monday, March 13th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, March 9th. The biggest holder now is Steven A. Davis who owns 482,359 shares (2.44% of those outstanding), whilst Stewart K. Owens holds 222,727 (1.13% of shares outstanding) and Larry C. Corbin holds 68,465 (0.35% of shares outstanding).

The share price of Bob Evans Farms, Inc.

Institutional investors have recently bought and sold shares of the stock. Bob Evans Farms has a one year low of $35.63 and a one year high of $60.95. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/03/09/bob-evans-farms-inc-bobe-posts-earnings-results-meets-expectations.html.

09/22/2014 - Bob Evans Farms, Inc. was upgraded to "neutral" by analysts at CL King. (NASDAQ:BOBE) shares have been recently spotted -6.91% away from the 52-week high, and 61.68% away from the 52-week low mark. Thrivent Financial for Lutherans now owns 10,730 shares of the company's stock worth $571,000 after buying an additional 620 shares during the last quarter.

Bob Evans Farms, Inc. Municipal Employees Retirement System of MI now owns 4,390 shares of the company's stock valued at $168,000 after buying an additional 70 shares during the last quarter.

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