About Bob Evans Farms (NASDAQ:BOBE)
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. Additionally, the Company manufactures and sells similar products to foodservice customers, restaurants and food sellers. The Company operates through BEF Foods segment. The BEF Foods segment offers a range of wholesome food products to retail and foodservice customers. The Company produces food products in its four manufacturing facilities. It produces sausage products at its plants located in Hillsdale, Michigan, and Xenia, Ohio.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Commercial Food Services
- Sub-Industry: Restaurants
- Symbol: NASDAQ:BOBE
- CUSIP: 09676110
- Web: www.bobevans.com
- Market Cap: $1.54 billion
- Outstanding Shares: 19,942,000
- 50 Day Moving Avg: $74.60
- 200 Day Moving Avg: $69.72
- 52 Week Range: $39.89 - $78.18
Sales & Book Value:
- Trailing P/E Ratio: 12.55
- Foreward P/E Ratio: 30.21
- P/E Growth: 2.36
- Annual Revenue: $418.17 million
- Price / Sales: 3.69
- Book Value: $8.89 per share
- Price / Book: 8.70
- Annual Dividend: $1.36
- Dividend Yield: 1.8%
- EBITDA: $64.75 million
- Net Margins: 19.49%
- Return on Equity: 19.52%
- Return on Assets: 7.55%
- Debt-to-Equity Ratio: 0.52%
- Current Ratio: 1.11%
- Quick Ratio: 0.83%
- Average Volume: 500,894 shs.
- Beta: 0.58
- Short Ratio: 3.53
Frequently Asked Questions for Bob Evans Farms (NASDAQ:BOBE)
What is Bob Evans Farms' stock symbol?
Bob Evans Farms trades on the NASDAQ under the ticker symbol "BOBE."
How often does Bob Evans Farms pay dividends? What is the dividend yield for Bob Evans Farms?
Bob Evans Farms announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Monday, September 4th will be given a dividend of $0.34 per share on Monday, September 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, August 30th. View Bob Evans Farms' Dividend History.
How will Bob Evans Farms' stock buyback program work?
Bob Evans Farms declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 11th 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
How were Bob Evans Farms' earnings last quarter?
Bob Evans Farms, Inc. (NASDAQ:BOBE) posted its earnings results on Wednesday, August, 30th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. The company earned $109.30 million during the quarter, compared to analyst estimates of $102.29 million. Bob Evans Farms had a return on equity of 19.52% and a net margin of 19.49%. The business's revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. View Bob Evans Farms' Earnings History.
When will Bob Evans Farms make its next earnings announcement?
What guidance has Bob Evans Farms issued on next quarter's earnings?
Bob Evans Farms issued an update on its FY18 earnings guidance on Wednesday, August, 30th. The company provided earnings per share (EPS) guidance of $2.10-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.17. The company issued revenue guidance of $474-486 million, compared to the consensus revenue estimate of $472.37 million.
Where is Bob Evans Farms' stock going? Where will Bob Evans Farms' stock price be in 2017?
8 equities research analysts have issued 1-year price objectives for Bob Evans Farms' stock. Their forecasts range from $67.41 to $85.00. On average, they anticipate Bob Evans Farms' share price to reach $75.92 in the next twelve months. View Analyst Ratings for Bob Evans Farms.
What are analysts saying about Bob Evans Farms stock?
Here are some recent quotes from research analysts about Bob Evans Farms stock:
- 1. According to Zacks Investment Research, "BOB EVANS FARMS, INC. is divided into two principal industry segments: the food products segment and the restaurant segment. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. " (9/13/2017)
- 2. Maxim Group analysts commented, "Bob Evans Farms (BOBE) reported F1Q18 (July) pro forma EPS of $0.37, which were in line with our $0.37 estimate and the $0.37 Street mean. Margins missed our estimates, though this was offset by strong top-line growth, which was highlighted by 18% y/y growth in the side dish business excluding the Pineland Farms acquisition." (8/30/2017)
Who are some of Bob Evans Farms' key competitors?
Some companies that are related to Bob Evans Farms include Aaron's, (AAN), Jack In The Box (JACK), Bed Bath & Beyond (BBBY), Performance Food Group Company (PFGC), Dick's Sporting Goods (DKS), Lithia Motors (LAD), PriceSmart (PSMT), Urban Outfitters (URBN), Groupon (GRPN), Sprouts Farmers Market (SFM), Papa John's International (PZZA), American Eagle Outfitters (AEO), Sally Beauty Holdings (SBH), Big Lots (BIG), Arcos Dorados Holdings (ARCO), Gamestop Corporation (GME), HSN (HSNI) and Builders FirstSource (BLDR).
Who are Bob Evans Farms' key executives?
Bob Evans Farms' management team includes the folowing people:
- Douglas N. Benham, Executive Chairman of the Board
- J. Michael Townsley, President, Chief Executive Officer, Director
- Mark E. Hood, Chief Financial Officer, Chief Administrative Officer
- Colin M. Daly Esq., Executive Vice President, General Counsel, Corporate Secretary
- Richard D. Hall, Executive Vice President - Supply Chain Management
- T. Alan Ashworth, Senior Vice President - Finance and Corporate Development , Treasurer
- Terrance Richard Camp, Senior Vice President - Operations
- Christopher John Lambrix, Senior Vice President - Retail Development
- Mary Kay Haben, Lead Independent Director
- Charles M. Elson, Independent Director
Who owns Bob Evans Farms stock?
Bob Evans Farms' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.03%) and Quantitative Systematic Strategies LLC (0.02%). Company insiders that own Bob Evans Farms stock include Kevin M Sheehan and Thomas Alan Ashworth. View Institutional Ownership Trends for Bob Evans Farms.
Who sold Bob Evans Farms stock? Who is selling Bob Evans Farms stock?
Who bought Bob Evans Farms stock? Who is buying Bob Evans Farms stock?
How do I buy Bob Evans Farms stock?
Shares of Bob Evans Farms can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Bob Evans Farms' stock price today?
MarketBeat Community Rating for Bob Evans Farms (NASDAQ BOBE)MarketBeat's community ratings are surveys of what our community members think about Bob Evans Farms and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Bob Evans Farms stock can currently be purchased for approximately $77.34.
Consensus Ratings for Bob Evans Farms (NASDAQ:BOBE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||7 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.13)|
|Consensus Price Target: ||$75.92 (1.84% downside)|Consensus Price Target History for Bob Evans Farms (NASDAQ:BOBE)
Analysts' Ratings History for Bob Evans Farms (NASDAQ:BOBE)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/22/2017||William Blair||Downgrade||Outperform -> Market Perform||Low|
|9/20/2017||CJS Securities||Initiated Coverage||Outperform||$85.00||Low|
|9/20/2017||Berenberg Bank||Downgrade||Buy -> Hold||$78.00 -> $77.00||Low|
|9/19/2017||Maxim Group||Downgrade||Buy -> Hold||$77.00||High|
|9/8/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||$72.00||Low|
|8/23/2017||Sidoti||Initiated Coverage||Neutral -> Neutral||$76.00||High|
|6/5/2017||CIBC||Reiterated Rating||Market Perform -> Market Perform||$77.00||Low|
|1/4/2017||Citigroup Inc.||Downgrade||Positive -> Market Perform||N/A|
|12/3/2015||Stephens||Upgrade||Underweight -> Equal Weight||$40.00||N/A|
Earnings History for Bob Evans Farms (NASDAQ:BOBE)Earnings History by Quarter for Bob Evans Farms (NASDAQ BOBE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/30/2017||Q1 2018||$0.37||$0.37||$102.29 million||$109.30 million||View||N/A|
|6/15/2017||Q4 17||$0.42||$0.61||$325.70 million||$99.90 million||View||N/A|
|3/8/2017||Q3 2017||$0.76||$0.75||$344.56 million||$335.90 million||View||N/A|
|12/5/2016||Q217||$0.45||$0.56||$319.31 million||$315.96 million||View||N/A|
|8/31/2016||Q117||$0.44||$0.48||$310.89 million||$306.30 million||View||N/A|
|6/14/2016||Q416||$0.43||$0.48||$345.02 million||$345.59 million||View||Listen|
|3/1/2016||Q3||$0.54||$0.62||$347.52 million||$346.50 million||View||Listen|
|12/1/2015||Q2||$0.39||$0.41||$323.35 million||$325.02 million||View||N/A|
|9/1/2015||Q116||$0.30||$0.51||$323.22 million||$321.71 million||View||N/A|
|6/16/2015||Q415||$0.41||$0.56||$331.31 million||$332.39 million||View||N/A|
|3/3/2015||Q315||$0.69||$0.60||$358.83 million||$367.20 million||View||N/A|
|12/2/2014||Q215||$0.34||$0.36||$343.24 million||$333.28 million||View||N/A|
|8/26/2014||Q115||$0.10||$0.10||$328.61 million||$326.30 million||View||Listen|
|7/8/2014||Q115||$0.41||$0.61||$333.31 million||$326.40 million||View||N/A|
|3/4/2014||Q314||$0.57||$0.30||$350.54 million||$340.13 million||View||N/A|
|8/19/2013||Q1 2014||$0.57||$0.58||$333.49 million||$329.40 million||View||N/A|
|6/4/2013||Q4 2013||$0.64||$0.71||$331.41 million||$353.90 million||View||N/A|
|2/19/2013||Q3 2013||$0.55||$0.56||$434.21 million||$434.40 million||View||N/A|
|11/19/2012||Q312||$0.61||$0.53||$414.20 million||$410.90 million||View||N/A|
Earnings Estimates for Bob Evans Farms (NASDAQ:BOBE)
2017 EPS Consensus Estimate: $2.10
2018 EPS Consensus Estimate: $2.19
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Bob Evans Farms (NASDAQ:BOBE)
|Most Recent Dividend:||9/18/2017|
|Dividend Growth:||5.10% (3 Year Average)|
|Payout Ratio:||22.08% (Trailing 12 Months of Earnings) |
62.39% (Based on This Year's Estimates)
53.13% (Based on Next Year's Estimates)
|Track Record:||9 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Bob Evans Farms (NASDAQ BOBE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Bob Evans Farms (NASDAQ:BOBE)
Insider Ownership Percentage: 1.20%Insider Trades by Quarter for Bob Evans Farms (NASDAQ:BOBE)
Institutional Ownership Percentage: 76.85%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/22/2017||Thomas Alan Ashworth||SVP||Sell||7,100||$70.70||$501,970.00|| |
|1/4/2016||Kevin M Sheehan||Director||Buy||5,000||$38.03||$190,150.00|| |
|9/4/2015||Mark E Hood||CFO||Buy||2,200||$44.72||$98,384.00|| |
|6/26/2015||Scott C Taggart||VP||Sell||1,000||$51.70||$51,700.00|| |
|6/24/2015||Thomas Alan Ashworth||SVP||Sell||1,805||$51.00||$92,055.00|| |
|3/11/2015||Larry S Mcwilliams||Director||Buy||2,145||$46.29||$99,292.05|| |
|3/6/2015||Douglas N Benham||Director||Buy||3,500||$46.79||$163,765.00|| |
|3/6/2015||Mark E Hood||CFO||Buy||2,500||$47.13||$117,825.00|| |
|9/8/2014||Mark E Hood||CFO||Buy||3,500||$44.43||$155,505.00|| |
|9/5/2014||Michael Feder Weinstein||Director||Buy||2,000||$43.94||$87,880.00|| |
|9/4/2014||Charles M Elson||Director||Buy||2,300||$43.50||$100,050.00|| |
|9/2/2014||Steven A Davis||CEO||Buy||15,000||$43.12||$646,800.00|| |
|8/29/2014||G Robert Lucas||Director||Sell||5,070||$43.56||$220,849.20|| |
|8/29/2014||Thomas Alan Ashworth||VP||Sell||1,600||$43.43||$69,488.00|| |
|3/17/2014||Randall Hicks||Insider||Sell||5,003||$49.76||$248,949.28|| |
|3/11/2014||E Ingram III||Director||Sell||2,153||$50.22||$108,123.66|| |
|9/25/2013||G Robert Lucas||Director||Sell||2,153||$57.96||$124,787.88|| |
|9/25/2013||J Michael Townsley||Insider||Sell||28,487||$57.87||$1,648,542.69|| |
|9/12/2013||Harvey Brownlee, Jr.||Insider||Sell||2,131||$52.77||$112,452.87|| |
|9/10/2013||Randall J Hicks||Insider||Sell||13,764||$52.60||$723,986.40|| |
|9/4/2013||Harvey Brownlee Jr||Insider||Sell||8,624||$49.79||$429,388.96|| |
|8/22/2013||G Robert Lucas||Director||Sell||2,564||$52.46||$134,507.44|| |
|6/27/2013||J Michael Townsley||Insider||Sell||6,984||$47.14||$329,225.76|| |
|6/10/2013||Randall J Hicks||Insider||Sell||20,163||$48.01||$968,025.63|| |
Headline Trends for Bob Evans Farms (NASDAQ:BOBE)
Latest Headlines for Bob Evans Farms (NASDAQ:BOBE)
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Bob Evans Farms (BOBE) Chart for Monday, October, 23, 2017