Bob Evans Farms, Inc. (NASDAQ:BOBE) Chalking Up Volume in Session

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Bob Evans Farms Inc (BOBE) is sitting at 250.96. Sandell Asset Management Corp bought 925,961 shares as the company's stock rose 25.65% with the market. After $0.37 actual earnings per share reported by Bob Evans Farms Inc for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.

The P/E ratio is now 12.56 and market capitalization is 1.54B. Overall, volume was down 12.52% under the stocks normal daily volume. About 154,354 shares traded.

Several analysts have released their opinion on Bob Evans Farms, Inc. It has outperformed by 38.65% the S&P500. Moreover, Blackrock Fund Advisors has 0% invested in the company for 812 shares. Its down 0.20, from 1.06 in 2016Q3. 27 funds opened positions while 40 raised stakes. Gilder Gagnon Howe & Com Lc invested 0.12% of its portfolio in Sientra Inc (NASDAQ:SIEN). 129,582 were accumulated by Blackrock Grp. Graham Cap Lp has 44,216 shares. Bamco Ny holds 0.01% or 168,500 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys holds 13,076 shares. Legal General Group Public Limited Company invested 0% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE). Bob Evans sold its restaurant to the private equity firm for $565 million. This indicates more upside for the $1.54 billion company. Bob Evans Farms has a 12 month low of $36.88 and a 12 month high of $75.34. Public Employees Retirement System of OH boosted its position in shares of Bob Evans Farms by 0.8% in the second quarter. Moreover, Goldman Sachs Gp has 0% invested in Sientra Inc (NASDAQ:SIEN) for 783,928 shares. The third largest holder is Dimensional Fund Advisors Lp, which now holds $66.36 million worth of this stock and that ownership represents almost 4.39% of its market capitalization. Berenberg added the stock to its research portfolio with a rating of "Buy". Therefore 50% are positive. (NYSE:APRN) net profit margin is -16.30%. The New Jersey-based Landscape Capital Mngmt Ltd has invested 0.04% in Bob Evans Farms Inc (NASDAQ:BOBE). Finally, Blair William & Co.

Once the transaction is complete, Post Holdings Inc is planning to combine its refrigerated retail egg, potato and cheese business with Bob Evans Farms Inc. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. "(BOBE) Ex-Dividend Date Scheduled for August 30, 2017" on August 29, 2017. They issued a buy rating and a $77.00 price objective on the stock. (NASDAQ:BOBE)'s stock had its "hold" rating reiterated by equities researchers at Oppenheimer Holdings, a research report issued on Friday, September 8th. As per Wednesday, January 4, the company rating was downgraded by Oppenheimer.

Bob Evans Farms, Inc. recently announced a dividend which was paid on Monday September 18th, 2017.

Founded in 1948, Evans distributes sausages, refrigerated potato/pasta/vegetable side dishes and frozen convenience items under the Bob Evans, Owens, Country Creek and Pineland Farms brands.

The current consensus rating on Bob Evans Farms (NASDAQ:BOBE) is Hold (Score: 2.29) with a consensus target price of $74.40 per share, a potential 3.89% downside. Analyst's mean target price for BOBE is $76.75 while analysts mean recommendation is 2.30. (NASDAQ:BOBE), with 3 analysts believing it is a strong buy. The company was upgraded on Thursday, February 23 by Morgan Stanley. The firm earned "Sector Weight" rating on Monday, August 31 by KeyBanc Capital Markets.

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Vanessa Coleman