Maxim Group Sticks to Their Buy Rating for Bob Evans Farms

By Jason Carr

Maxim Group analyst Stephen Anderson reiterated a Buy rating on Bob Evans Farms (NASDAQ: BOBE) today and set a price target of $77. The company’s shares closed yesterday at $64.32.

Anderson observed:

“Bob Evans Farms (BOBE) reported F1Q18 (July) pro forma EPS of $0.37, which were in line with our $0.37 estimate and the $0.37 Street mean. Margins missed our estimates, though this was offset by strong top-line growth, which was highlighted by 18% y/y growth in the side dish business excluding the Pineland Farms acquisition.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.1% and a 56.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Popeyes Louisiana Kitchen.

Bob Evans Farms has an analyst consensus of Moderate Buy, with a price target consensus of $77.

The company has a one year high of $72.98 and a one year low of $33.19. Currently, Bob Evans Farms has an average volume of 314.2K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.

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Bob Evans Farms, Inc. operates as a restaurant and retail food products company. It produces and distributes pork sausage and a variety of complementary convenience food items under the Bob Evans and Owens brand names. It operates through the Bob Evans Restaurants and BEF Foods segments.