Cwm buys $14,802,735 stake in Bob Evans Farms Inc (BOBE)

Bob Evans Farms Inc (BOBE) : Cwm scooped up 33,007 additional shares in Bob Evans Farms Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 314,684 shares of Bob Evans Farms Inc which is valued at $14,802,735.Bob Evans Farms Inc makes up approximately 1.28% of Cwm’s portfolio.

Bob Evans Farms Inc opened for trading at $46.67 and hit $47.65 on the upside on Friday, eventually ending the session at $47.04, with a gain of 1.29% or 0.6 points. The heightened volatility saw the trading volume jump to 1,47,198 shares. Company has a market cap of $931 M.

Other Hedge Funds, Including , New York State Teachers Retirement System reduced its stake in BOBE by selling 2,700 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 57,959 shares of BOBE which is valued at $2,726,391. Bob Evans Farms Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Donald L. Hagan boosted its stake in BOBE in the latest quarter, The investment management firm added 262 additional shares and now holds a total of 20,362 shares of Bob Evans Farms Inc which is valued at $964,344. Bob Evans Farms Inc makes up approx 0.88% of Donald L. Hagan’s portfolio. Acadian Asset Management added BOBE to its portfolio by purchasing 3,553 company shares during the most recent quarter which is valued at $168,270.Carnegie Capital Asset Management boosted its stake in BOBE in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 17,722 shares of Bob Evans Farms Inc which is valued at $839,314. Bob Evans Farms Inc makes up approx 0.13% of Carnegie Capital Asset Management’s portfolio.Creative Planning boosted its stake in BOBE in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 122 shares of Bob Evans Farms Inc which is valued at $5,629.

On the company’s financial health, Bob Evans Farms Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $0.55. The company had revenue of $346.50 million for the quarter, compared to analysts expectations of $344.58 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Bob Evans Farms Inc. (Bob Evans) is a full-service restaurant company. The Company operates 567 Bob Evans Restaurants and licenses four Bob Evans Express locations in 19 states. The Company also produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans Owens and Country Creek brand names. These food products are distributed to customers throughout the United States. Additionally the Company manufactures and sells similar products to foodservice accounts including Bob Evans Restaurants and other restaurants and food sellers. The Company operates in two segments: Bob Evans Restaurants and BEF Foods. Through its restaurant segment the Company offers its customers a range of breakfast lunch and dinner items either on a dine-in or carryout basis in family-friendly settings. The Company’s BEF foods segment offers a range of wholesome food products to retail and foodservice customers.

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