Bob Evans Farms Inc (BOBE) reported quarterly earnings results on Tuesday, Jun-14-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.43. The company posted revenue of $345.60 million in the period, compared to analysts expectations of $345.33 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Bob Evans Farms Inc. Maxim Group Initiated Bob Evans Farms Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $59.Sidoti Initiated Bob Evans Farms Inc on May 11, 2016 to “Buy”, Price Target of the shares are set at $60.
Bob Evans Farms Inc closed down -0.82 points or -1.80% at $44.62 with 1,91,629 shares getting traded on Friday. Post opening the session at $45.35, the shares hit an intraday low of $44.56 and an intraday high of $45.6505 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jan 6, 2016, Douglas N Benham (Director) purchased 2,000 shares at $38.27 per share price. According to the SEC, on Jan 6, 2016, Kevin M Sheehan (director) purchased 5,000 shares at $38.03 per share price. On Sep 4, 2015, Mark E Hood (CFO) purchased 2,200 shares at $44.72 per share price, according to the Form-4 filing with the securities and exchange commission.
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.