Texas Permanent School Fund lowered its stake in shares of Bob Evans Farms Inc (NASDAQ:BOBE) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,551 shares of the restaurant operator’s stock after selling 995 shares during the quarter. Texas Permanent School Fund’s holdings in Bob Evans Farms were worth $1,068,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Bob Evans Farms by 0.6% during the second quarter. Vanguard Group Inc. now owns 2,721,591 shares of the restaurant operator’s stock worth $195,492,000 after buying an additional 16,931 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Bob Evans Farms by 405.7% during the third quarter. JPMorgan Chase & Co. now owns 721,350 shares of the restaurant operator’s stock worth $55,955,000 after buying an additional 578,696 shares during the last quarter. State Street Corp boosted its stake in Bob Evans Farms by 2.0% during the second quarter. State Street Corp now owns 541,902 shares of the restaurant operator’s stock worth $38,923,000 after buying an additional 10,440 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Bob Evans Farms by 70.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 372,660 shares of the restaurant operator’s stock worth $24,983,000 after buying an additional 153,760 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in Bob Evans Farms during the third quarter worth $16,124,000. 77.87% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the company. Maxim Group reissued a “hold” rating on shares of Bob Evans Farms in a research note on Thursday, January 11th. BidaskClub lowered Bob Evans Farms from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. ValuEngine lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered Bob Evans Farms from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $76.05.
Bob Evans Farms Inc (BOBE) opened at $77.01 on Wednesday. Bob Evans Farms Inc has a 12 month low of $47.28 and a 12 month high of $79.70. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 11.31 and a beta of 0.54. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.72.
Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The business had revenue of $117.63 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the prior year, the company posted $0.56 EPS.
ILLEGAL ACTIVITY WARNING: This story was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://transcriptdaily.com/2018/02/14/texas-permanent-school-fund-sells-995-shares-of-bob-evans-farms-inc-bobe.html.
Bob Evans Farms Profile
Bob Evans Farms, Inc (Bob Evans) is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names. The Company’s food products are distributed to customers throughout the United States.
Want to see what other hedge funds are holding BOBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bob Evans Farms Inc (NASDAQ:BOBE).
Receive News & Ratings for Bob Evans Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bob Evans Farms and related companies with MarketBeat.com's FREE daily email newsletter.