Bob Evans Farms Coverage Initiated by Analysts at Oppenheimer (BOBE)

Equities research analysts at Oppenheimer started coverage on shares of Bob Evans Farms (NASDAQ: BOBE) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $57.00 price target on the stock. Oppenheimer’s price objective would indicate a potential upside of 20.84% from the company’s current price.

The analysts wrote, “Underfollowed by the Street, we believe BOBE represents an attractive investment opportunity. As both businesses (restaurants & grocery) butterfly out of “transformational” initiatives, we expect the asset base to improve, margin structure to elevate and an attractive earnings upside case to emerge.”

A number of other analysts have also recently weighed in on BOBE. Analysts at Miller Tabak reiterated a “hold” rating on shares of Bob Evans Farms in a research note to investors on Tuesday, April 16th. They now have a $48.00 price target on the stock.

Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.40.

Shares of Bob Evans Farms (NASDAQ: BOBE) traded up 1.82% during mid-day trading on Tuesday, hitting $48.03. Bob Evans Farms has a one year low of $34.45 and a one year high of $45.36. The stock’s 50-day moving average is currently $41.13. The company’s market cap is $1.317 billion.

Bob Evans Farms (NASDAQ: BOBE) last released its earnings data on Tuesday, June 4th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $353.90 million for the quarter, compared to the consensus estimate of $331.41 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. Analysts expect that Bob Evans Farms will post $2.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, May 30th.

Bob Evans Farms, Inc. (NASDAQ: BOBE) is a full-service restaurant company that operates two restaurant concepts: Bob Evans Restaurants and Mimi’s Cafes.

The Fly On The Wall

Latest News

Sandler Capital Management Grows Holdings in Intuitive Surgical, Inc.
Sandler Capital Management Grows Holdings in Intuitive Surgical, Inc.
74,612 Shares in Martin Marietta Materials, Inc.  Acquired by Saya Management LP
74,612 Shares in Martin Marietta Materials, Inc. Acquired by Saya Management LP
Sanderson Farms, Inc.  Expected to Announce Earnings of -$1.09 Per Share
Sanderson Farms, Inc. Expected to Announce Earnings of -$1.09 Per Share
Rodgers Brothers Inc. Acquires 29,000 Shares of Seagate Technology PLC
Rodgers Brothers Inc. Acquires 29,000 Shares of Seagate Technology PLC
National Pension Service Purchases 7,072 Shares of Colgate-Palmolive
National Pension Service Purchases 7,072 Shares of Colgate-Palmolive
National Pension Service Buys 766 Shares of Aetna Inc
National Pension Service Buys 766 Shares of Aetna Inc


© 2006-2018 Ticker Report