Should Investors Be Buying Bob Evans Farms (NASDAQ:BOBE) Shares? Stephens Upgrades The Stock

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Bob Evans Farms (NASDAQ:BOBE) Stock Upgrade

Stephens has increased shares of Bob Evans Farms (NASDAQ:BOBE) to a Equal-weight in analysts report issued to investors and clients on moments ago, and has published a one year Estimated Target Price equal to $40.00. BOBE’s previous stock rating was a Underweight.

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 $45 while the lowest target price is $40. The mean of all analyst targets is $42.5 with a 20.39% above today’s ($39.87) stock price. Bob Evans Farms was the topic of 4 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on December 2 with “Outperform” rating. KeyBanc Capital Markets upgraded BOBE stock in a recent report from August 31 to “Sector Weight” rating.

Approximately 364,004 shares of stock traded hands or 69.20% up from the average. Bob Evans Farms Inc (NASDAQ:BOBE) has declined 7.95% since April 30, 2015 and is downtrending. It has underperformed by 7.66% the S&P500.

Bob Evans Farms, Inc. is a full-service restaurant company. The company has a market cap of $873.77 million. The Firm operates 567 Bob Evans Restaurants and licenses four Bob Evans Express locations in 19 states. It has 41.29 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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