Bob Evans Farms Inc (BOBE) : Serengeti Asset Management Lp added new position in Bob Evans Farms Inc during the most recent quarter end. The investment management firm now holds 70,000 shares of Bob Evans Farms Inc which is valued at $2,586,500 , the company said in a statement filed on Aug 15, 2016 with the SEC.Bob Evans Farms Inc makes up approximately 1.61% of Serengeti Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in BOBE during the most recent quarter. The investment firm sold 5,500 shares of BOBE which is valued $203,225. Summit Securities Group sold out all of its stake in BOBE during the most recent quarter. The investment firm sold 6,544 shares of BOBE which is valued $241,801.Profund Advisors reduced its stake in BOBE by selling 312 shares or 5.01% in the most recent quarter. The Hedge Fund company now holds 5,910 shares of BOBE which is valued at $218,375. Bob Evans Farms Inc makes up approx 0.01% of Profund Advisors’s portfolio.Catalyst Capital Advisors reduced its stake in BOBE by selling 5,300 shares or 13.62% in the most recent quarter. The Hedge Fund company now holds 33,600 shares of BOBE which is valued at $1,241,520. Bob Evans Farms Inc makes up approx 0.22% of Catalyst Capital Advisors’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in BOBE in the latest quarter, The investment management firm added 20,637 additional shares and now holds a total of 555,607 shares of Bob Evans Farms Inc which is valued at $20,529,679.
Bob Evans Farms Inc closed down -1 points or -2.44% at $40 with 9,06,485 shares getting traded on Thursday. Post opening the session at $41.25, the shares hit an intraday low of $38.82 and an intraday high of $41.25 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.