Cereal maker Post buying Bob Evans Farms in $1.53B deal

Wayne National Forest                                                                   CC BY 2.0

As per Tuesday, June 13, the company rating was maintained by Maxim Group.

On 2/28/2017 Bob Evans Farms announced a quarterly dividend of $0.34 2.4% with an ex dividend date of 3/9/2017 which will be payable on 3/27/2017. Annual EPS Growth of past 5 years is -18.40%.

06/25/2015 - Bob Evans Farms, Inc. was upgraded to "buy" by analysts at Miller Tabak. Sidoti initiated it with "Buy" rating and $60 target in Wednesday, May 11 report.

03/04/2015 - Bob Evans Farms, Inc. was downgraded to "neutral" by analysts at Janney Montgomery Scott. The mean target price as estimated by the analysts for the company has been recorded at $75.75.

Bob Evans Farms (NASDAQ:BOBE) last issued its earnings results on Wednesday, August 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock.

Shares of Bob Evans Farms (NASDAQ BOBE) opened at 70.53 on Wednesday. Bob Evans Farms has $80 highest and $74 lowest target.

In the market the company is trading up since yesterday's close of 72.93.

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The stock is trading at $71.91 which is just a bit higher than $67.08, the 50 day moving average and which is a tad above the 200 day moving average of $66.76. Gilder Gagnon Howe & Com Lc invested 0.12% of its portfolio in Sientra Inc (NASDAQ:SIEN). The restaurant operator reported $0.37 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.37, Bloomberg Earnings reports. Bob Evans Farms had a net margin of 19.49% and a return on equity of 19.52%. The business had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.29 million. They expect $0.35 earnings per share, down 37.50% or $0.21 from last year's $0.56 per share. The original version of this article can be read at https://baseballnewssource.com/markets/bob-evans-farms-inc-bobe-raised-to-buy-at-zacks-investment-research/1643775.html. Pennsylvania-based Susquehanna Group Limited Liability Partnership has invested 0% in Bob Evans Farms Inc (NASDAQ:BOBE).

The stock of Sientra Inc (NASDAQ:SIEN) is a huge mover today! If you are accessing this article on another publication, it was copied illegally and republished in violation of global trademark and copyright law.

Hedge funds have recently bought and sold shares of the stock.

About 4.52M shares traded or 1250.40% up from the average. Following the completion of the sale, the senior vice president now owns 4,367 shares in the company, valued at $308,746.90. The information was declared in a document with the securities and exchange commission, which is accessible through the Security and Exchange Commission website. corporate executives has an ownership of 1.20% of the firms stock. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. The value of the company's investment in Bob Evans Farms, Inc. went from $45,000 to $84,000 increasing 86.7% for the reporting period. State of Alaska Department of Revenue now owns 2,180 shares of the restaurant operator's stock valued at $141,000 after buying an additional 40 shares in the last quarter. Bob Evans' shareholders must still sign off on the deal. Point72 Asset Management, L.p. added to its position by buying 335,000 shares an increase of 1,308.6% in the quarter.

Bob Evans Farms sold off its restaurants to Golden Gate Capital in April of 2017. Short interest grew from 1,202,396 to 1,475,642 over that timeframe. Quantbot Technologies LP purchased a new stake in Bob Evans Farms during the second quarter worth approximately $101,000. The company's institutional ownership is monitored at 79.7 percent.

Bob Evans Farms makes things like refrigerated potato, pasta and frozen convenience food items under a number of brands other than Bob Evans, which will strengthen Post's position in packaged foods. The Company's food products are distributed to clients throughout the United States.

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