Bob Evans Farms Inc (BOBE) is Initiated by Sidoti to Buy, Price Target at $60

Bob Evans Farms Inc (BOBE) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $60. Sidoti advised their investors in a research report released on May 11, 2016.

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 opened for trading at $46.67 and hit $46.79 on the upside on Tuesday, eventually ending the session at $46.66, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 1,10,821 shares. Company has a market cap of $924 M.

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.

Bob Evans Farms Inc

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