Managed Asset Portfolios buys $13,790,375 stake in Bob Evans Farms Inc (BOBE)

Bob Evans Farms Inc (BOBE) : Managed Asset Portfolios scooped up 40,036 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 Nov 14, 2016. The investment management firm now holds a total of 315,786 shares of Bob Evans Farms Inc which is valued at $13,790,375.Bob Evans Farms Inc makes up approximately 5.76% of Managed Asset Portfolios’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in BOBE in the latest quarter, The investment management firm added 198 additional shares and now holds a total of 4,069 shares of Bob Evans Farms Inc which is valued at $177,693. Bob Evans Farms Inc makes up approx 0.01% of Mason Street Advisors’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in BOBE in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 4,390 shares of Bob Evans Farms Inc which is valued at $184,687. Bob Evans Farms Inc makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Blackrock Group Ltd boosted its stake in BOBE in the latest quarter, The investment management firm added 22,770 additional shares and now holds a total of 117,692 shares of Bob Evans Farms Inc which is valued at $4,951,302. Teacher Retirement System Of Texas sold out all of its stake in BOBE during the most recent quarter. The investment firm sold 2,628 shares of BOBE which is valued $106,092.

Bob Evans Farms Inc opened for trading at $43.62 and hit $44.31 on the upside on Monday, eventually ending the session at $44.3, with a gain of 1.28% or 0.56 points. The heightened volatility saw the trading volume jump to 2,06,101 shares. Company has a market cap of $876 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.

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.

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