Pentwater Capital Management LP Invests $5.81 Million in Bob Evans Farms Inc (NASDAQ:BOBE) Stock

Pentwater Capital Management LP bought a new position in shares of Bob Evans Farms Inc (NASDAQ:BOBE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,000 shares of the restaurant operator’s stock, valued at approximately $5,813,000. Pentwater Capital Management LP owned 0.38% of Bob Evans Farms at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Bob Evans Farms by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,610 shares of the restaurant operator’s stock valued at $259,000 after purchasing an additional 29 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Bob Evans Farms by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,740 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 115 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Bob Evans Farms by 0.8% during the second quarter. Texas Permanent School Fund now owns 14,431 shares of the restaurant operator’s stock valued at $1,037,000 after acquiring an additional 121 shares during the last quarter. Aperio Group LLC increased its position in shares of Bob Evans Farms by 7.9% during the second quarter. Aperio Group LLC now owns 5,344 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 389 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Bob Evans Farms by 60.0% during the second quarter. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 528 shares during the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.

Bob Evans Farms Inc (NASDAQ:BOBE) traded down $1.33 during midday trading on Tuesday, hitting $77.49. The stock had a trading volume of 1,742,295 shares, compared to its average volume of 1,118,900. Bob Evans Farms Inc has a 12 month low of $47.28 and a 12 month high of $79.70. The company has a market cap of $1,550.00, a price-to-earnings ratio of 60.54 and a beta of 0.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.63.

Bob Evans Farms (NASDAQ:BOBE) last announced its quarterly earnings results on Wednesday, December 6th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Bob Evans Farms had a return on equity of 18.55% and a net margin of 28.75%. The company had revenue of $117.63 million for the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the previous year, the business earned $0.56 EPS. sell-side analysts anticipate that Bob Evans Farms Inc will post 2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 11th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, December 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.76%. Bob Evans Farms’s dividend payout ratio (DPR) is 106.25%.

BOBE has been the subject of a number of research analyst reports. Zacks Investment Research raised Bob Evans Farms from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Monday, September 4th. Oppenheimer reissued a “hold” rating and issued a $72.00 target price on shares of Bob Evans Farms in a research report on Friday, September 8th. Maxim Group cut Bob Evans Farms from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research report on Tuesday, September 19th. Berenberg Bank cut Bob Evans Farms from a “buy” rating to a “hold” rating and reduced their price target for the company from $78.00 to $77.00 in a research report on Wednesday, September 20th. Finally, CJS Securities initiated coverage on Bob Evans Farms in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $76.05.

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Bob Evans Farms Profile

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.

Institutional Ownership by Quarter for Bob Evans Farms (NASDAQ:BOBE)

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