KBC Group NV Cuts Position in Bob Evans Farms Inc (BOBE)

KBC Group NV trimmed its holdings in shares of Bob Evans Farms Inc (NASDAQ:BOBE) by 92.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,748 shares of the restaurant operator’s stock after selling 20,010 shares during the quarter. KBC Group NV’s holdings in Bob Evans Farms were worth $135,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BOBE. Flinton Capital Management LLC grew its holdings in Bob Evans Farms by 60.0% in the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 528 shares during the last quarter. Quantbot Technologies LP purchased a new position in Bob Evans Farms in the second quarter worth $101,000. Ameritas Investment Partners Inc. grew its holdings in Bob Evans Farms by 7.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 115 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Bob Evans Farms by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 864 shares during the last quarter. Finally, Amalgamated Bank purchased a new position in Bob Evans Farms in the third quarter worth $212,000. 77.87% of the stock is currently owned by institutional investors.

Shares of Bob Evans Farms Inc (BOBE) opened at $78.20 on Tuesday. Bob Evans Farms Inc has a one year low of $47.28 and a one year high of $78.49. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $1,566.30, a price-to-earnings ratio of 37.56 and a beta of 0.54.

Bob Evans Farms (NASDAQ:BOBE) last posted its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Bob Evans Farms had a net margin of 28.75% and a return on equity of 18.55%. The business had revenue of $117.63 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the firm posted $0.56 earnings per share. research analysts predict that Bob Evans Farms Inc will post 2.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, December 8th. This represents a $1.36 annualized dividend and a dividend yield of 1.74%. Bob Evans Farms’s payout ratio is currently 21.73%.

Several research firms have issued reports on BOBE. BidaskClub lowered shares of Bob Evans Farms from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. ValuEngine lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Bob Evans Farms from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. William Blair lowered shares of Bob Evans Farms from an “outperform” rating to a “market perform” rating in a report on Friday, September 22nd. Finally, CJS Securities began coverage on shares of Bob Evans Farms in a report on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $76.05.

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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.

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Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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