New York: Bob Evans (NASDAQ:BOBE) Stock Has Just Had Its “Outperform” Rating Reiterated by Oppenheimer. Shares now Have a $45 Target

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Bob Evans (NASDAQ:BOBE) Rating Reaffirmed

In analysts report revealed to clients this morning, Oppenheimer reaffirmed their “Outperform” rating on Bob Evans (NASDAQ:BOBE) shares. The Estimated Target Price could mean a possible upside of 17.19% from company’s previous close.

From a total of 2 analysts covering Bob Evans Farms (NASDAQ:BOBE) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $50 while the lowest target price is $40. The mean of all analyst targets is $45 with a 31.51% above today’s ($38.4) stock price. Bob Evans Farms was the topic of 3 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 15 with “Outperform” rating. KeyBanc Capital Markets upgraded BOBE stock in a recent report from August 31 to “Sector Weight” rating.

Approximately 4,470 shares of stock traded hands. Bob Evans Farms Inc (NASDAQ:BOBE) has declined 9.26% since April 29, 2015 and is downtrending. It has underperformed by 9.06% the S&P500.

Bob Evans Farms, Inc. is a full-service restaurant company. The company has a market cap of $858.98 million. The Firm operates 567 Bob Evans Restaurants and licenses four Bob Evans Express locations in 19 states. It has 41.26 P/E ratio. The Firm also produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names.

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.” Get a free copy of the Zacks research report on Bob Evans Farms Inc (BOBE).

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