Bob Evans Farms Inc (NASDAQ:BOBE) 2017 Q3 Institutional Investor Sentiment Steady

January 18, 2018 - By reb123z

 Bob Evans Farms Inc (NASDAQ:BOBE)  2017 Q3 Institutional Investor Sentiment Steady

Sentiment for Bob Evans Farms Inc (NASDAQ:BOBE)

Bob Evans Farms Inc (NASDAQ:BOBE) institutional sentiment decreased to 1.08 in 2017 Q3. Its down -0.34, from 1.42 in 2017Q2. The ratio dropped, as 90 funds opened new or increased positions, while 83 decreased and sold stakes in Bob Evans Farms Inc. The funds in our partner’s database reported: 15.17 million shares, up from 15.16 million shares in 2017Q2. Also, the number of funds holding Bob Evans Farms Inc in their top 10 positions increased from 1 to 3 for an increase of 2. Sold All: 34 Reduced: 49 Increased: 45 New Position: 45.

Bob Evans Farms, Inc. produces and distributes food products for grocery retailers in the United States. The company has market cap of $1.54 billion. The companyÂ’s products include refrigerated and frozen food items, including mashed potatoes, diced and shredded breakfast potatoes, Homestyle broccoli and cheese, seasoned Homestyle stuffing, six cheese pasta and sliced glazed apples, sausages, egg and cheese biscuits, sausage biscuits, egg and cheese croissant, breakfast burritos, breakfast bowls and kolaches, and soups, as well as sausage gravies; and fresh, smoked, and fully cooked pork and turkey sausage, ham, and hickory-smoked bacon products, as well as its oven bake scalloped potatoes, oven bake macaroni and cheese, oven bake double cheddar pasta with applewood smoked bacon, and oven bake southwest products. It has a 12.32 P/E ratio. It provides its home-style refrigerated side-dishes, pork sausage products, and various related frozen food items under the Bob Evans, Owens, Country Creek, and Pineland Farms brands, as well as its retail customers' private-label brands.

It closed at $77.01 lastly. It is down 55.35% since January 18, 2017 and is uptrending. It has outperformed by 38.65% the S&P500.

Analysts await Bob Evans Farms, Inc. (NASDAQ:BOBE) to report earnings on March, 14. They expect $0.82 earnings per share, up 9.33 % or $0.07 from last year’s $0.75 per share. BOBE’s profit will be $16.44M for 23.48 P/E if the $0.82 EPS becomes a reality. After $0.35 actual earnings per share reported by Bob Evans Farms, Inc. for the previous quarter, Wall Street now forecasts 134.29 % EPS growth.

Managed Asset Portfolios Llc holds 8.53% of its portfolio in Bob Evans Farms, Inc. for 353,467 shares. Foundation Asset Management Lp owns 190,181 shares or 4.59% of their US portfolio. Moreover, Koch Industries Inc has 1.33% invested in the company for 72,000 shares. The Jersey-based Brevan Howard Capital Management Lp has invested 1.23% in the stock. Pacific Global Investment Management Co, a California-based fund reported 69,477 shares.#img1#

Bob Evans Farms, Inc. (NASDAQ:BOBE) Ratings Coverage

Ratings analysis reveals 50% of Bob Evans Farms’s analysts are positive. Out of 8 Wall Street analysts rating Bob Evans Farms, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $40 while the high is $8000. The stock’s average target of $63.67 is -17.32% below today’s ($77.01) share price. BOBE was included in 17 notes of analysts from August 31, 2015. Oppenheimer maintained Bob Evans Farms, Inc. (NASDAQ:BOBE) rating on Wednesday, December 2. Oppenheimer has “Outperform” rating and $45 target. On Monday, August 31 the stock rating was upgraded by KeyBanc Capital Markets to “Sector Weight”. Maxim Group maintained Bob Evans Farms, Inc. (NASDAQ:BOBE) on Wednesday, December 7 with “Buy” rating. William Blair downgraded Bob Evans Farms, Inc. (NASDAQ:BOBE) on Friday, September 22 to “Hold” rating. The company was maintained on Thursday, June 15 by Oppenheimer. Maxim Group maintained the shares of BOBE in report on Wednesday, August 30 with “Buy” rating. Sidoti initiated it with “Buy” rating and $60 target in Wednesday, May 11 report. Maxim Group maintained the stock with “Buy” rating in Tuesday, June 13 report. The company was initiated on Tuesday, May 17 by Maxim Group. Oppenheimer maintained Bob Evans Farms, Inc. (NASDAQ:BOBE) on Wednesday, August 30 with “Hold” rating.

More notable recent Bob Evans Farms, Inc. (NASDAQ:BOBE) news were published by: Globenewswire.com which released: “Post Holdings to Explore Strategic Alternatives for Private Brands Businesses …” on January 11, 2018, also Stltoday.com with their article: “Shareholders approve Bob Evans Farms’ sale to Post Holdings” published on January 10, 2018, Bizjournals.com published: “Biggest deals 2017: Post expands with Weetabix, Bob Evans acquisitions” on December 21, 2017. More interesting news about Bob Evans Farms, Inc. (NASDAQ:BOBE) were released by: Streetinsider.com and their article: “Form 4 BOB EVANS FARMS INC For: Jan 12 Filed by: Daly Colin M” published on January 17, 2018 as well as Bizjournals.com‘s news article titled: “Bob Evans shareholders approve sale to Post Holdings” with publication date: January 10, 2018.

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