Bob Evans Farms Inc (BOBE) : Cwm scooped up 82,246 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 Oct 17, 2016. The investment management firm now holds a total of 396,930 shares of Bob Evans Farms Inc which is valued at $15,654,919.Bob Evans Farms Inc makes up approximately 1.12% of Cwm’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in BOBE in the latest quarter, The investment management firm added 2,806 additional shares and now holds a total of 3,208 shares of Bob Evans Farms Inc which is valued at $125,176.Capstone Asset Management Co reduced its stake in BOBE by selling 180 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 6,749 shares of BOBE which is valued at $265,438. Bob Evans Farms Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in BOBE in the latest quarter, The investment management firm added 442 additional shares and now holds a total of 964 shares of Bob Evans Farms Inc which is valued at $37,914.Bnp Paribas Arbitrage Sa reduced its stake in BOBE by selling 6,476 shares or 62.79% in the most recent quarter. The Hedge Fund company now holds 3,837 shares of BOBE which is valued at $144,808.
Bob Evans Farms Inc opened for trading at $39.19 and hit $39.46 on the upside on Friday, eventually ending the session at $39.44, with a gain of 1.08% or 0.42 points. The heightened volatility saw the trading volume jump to 1,40,306 shares. Company has a market cap of $780 M.
On the company’s financial health, Bob Evans Farms Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.44. The company had revenue of $306.30 million for the quarter, compared to analysts expectations of $310.89 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on Bob Evans Farms Inc. Shares were Reiterated by Maxim Group on Aug 8, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $59 .
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.