Bob Evans Farms Inc (BOBE) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 55

Bob Evans Farms Inc (BOBE) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 55 from a previous price target of $59 . Maxim Group advised their investors in a research report released on Aug 8, 2016.

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.

On the company’s financial health, Bob Evans Farms Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jun 14, 2016. Analyst had a consensus of $0.43. The company had revenue of $345.60 million for the quarter, 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.

Bob Evans Farms Inc opened for trading at $36.09 and hit $37.09 on the upside on Friday, eventually ending the session at $36.64, with a gain of 1.72% or 0.62 points. The heightened volatility saw the trading volume jump to 1,43,429 shares. Company has a market cap of $724 M.

In a different news, on Jun 27, 2016, J Michael Townsley (President – BEF Foods) sold 3,492 shares at $30.45 per share price. According to the SEC, on Jan 6, 2016, Douglas N Benham (Director) purchased 2,000 shares at $38.27 per share price. On Jan 6, 2016, Kevin M Sheehan (director) purchased 5,000 shares at $38.03 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.

Bob Evans Farms Inc

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