Bob Evans Farms, Inc. (BOBE) Downgraded by Miller Tabak to "Hold"
Tuesday, June 28, 2021 1:40 PM

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Equities research analysts at Miller Tabak downgraded shares of Bob Evans Farms, Inc. (NASDAQ: BOBE) from a "buy" rating to a "hold" rating in a research note to investors on Tuesday. The analysts noted that the move was a valuation call.

Separately, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Bob Evans Farms, Inc. in a research note to investors on Wednesday, March 2nd.

Shares of Bob Evans Farms, Inc. traded up 1.08% during mid-day trading on Wednesday, hitting $34.64. Bob Evans Farms, Inc. has a 52 week low of $23.10 and a 52 week high of $34.86. The stock's 50-day moving average is $31.93 and its 200-day moving average is $32.1. The company has a market cap of $1.047 billion and a price-to-earnings ratio of 19.25.

Bob Evans Farms, Inc. last announced its quarterly results on Tuesday, June 7th. The company reported $0.60 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.66 EPS by $0.06. The company’s quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts predict that Bob Evans Farms, Inc. will post $0.57 EPS next quarter.

Bob Evans Farms, Inc. (Bob Evans) is a full-service restaurant company that operates two restaurant concepts: Bob Evans Restaurants and Mimi’s Cafes. The Company is also a producer and distributor of pork sausage and homestyle convenience food items. As of April 30, 2010, Bob Evans Restaurants were located in 18 states, primarily in the Midwest, mid-Atlantic and Southeast, and Mimi’s Cafes were located in 24 states, primarily in California and other western states. Bob Evans offers a variety of quality, homestyle food products to retail and foodservice customers. It sells its retail food products under the Bob Evans and Owens brand names. The Company’s food products include 100 varieties of fresh, smoked and fully cooked pork sausage and hickory-smoked bacon products. It also offers 100 complementary, convenience food items in the refrigerated and frozen areas of grocery stores, such as mashed potatoes, macaroni and cheese, microwaveable sandwiches and slow-roasted main dish entrees.

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