Breaking Short Interest: Today Bob Evans Farms Incorporated (NASDAQ:BOBE) Reported Decrease in Shorted Shares

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Breaking Short Interest: Today Bob Evans Farms Incorporated (NASDAQ:BOBE) Reported Decrease in Shorted Shares

The stock of Bob Evans Farms Incorporated (NASDAQ:BOBE) registered a decrease of 15.22% in short interest. BOBE’s total short interest was 1.78 million shares in November as published by FINRA. Its down 15.22% from 2.10 million shares, reported previously. With 201,300 shares average volume, it will take short sellers 9 days to cover their BOBE’s short positions. The short interest to Bob Evans Farms Incorporated’s float is 9.72%. The stock increased 0.09% or $0.04 on November 25, hitting $44.96. Bob Evans Farms Inc (NASDAQ:BOBE) has declined 4.24% since April 25, 2016 and is downtrending. It has underperformed by 10.25% the S&P500.

Bob Evans Farms, Inc. is a full-service restaurant company. The company has a market cap of $889.50 million. The Firm 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. It has a 32.14 P/E ratio. These food products are distributed to clients throughout the United States.

Insitutional Activity: The institutional sentiment is 1.06 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 22 funds sold all Bob Evans Farms Inc shares owned while 49 reduced positions. only 19 funds bought stakes while 56 increased positions. They now own 15.10 million shares or 1.02% less from 15.25 million shares in 2016Q1.
Kbc Nv has 2,687 shares for 0% of their US portfolio. State Street has 0% invested in the company for 453,281 shares. Piermont Capital accumulated 0.58% or 58,620 shares. Renaissance Techs has 240,700 shares for 0.02% of their US portfolio. Credit Suisse Ag last reported 24,097 shares in the company. Manufacturers Life Ins Company The owns 13,438 shares or 0% of their US portfolio. Products Ltd Llc accumulated 26,790 shares or 0.08% of the stock. Capstone last reported 12,800 shares in the company. The Iowa-based Principal Finance has invested 0.01% in Bob Evans Farms Inc (NASDAQ:BOBE). Paradigm Asset Lc reported 13,100 shares or 0% of all its holdings. Arrow Fincl Corporation last reported 12 shares in the company. Moreover, Bartlett Co Ltd Com has 0% invested in Bob Evans Farms Inc (NASDAQ:BOBE) for 1,000 shares. Teachers Retirement Systems Of The State Of Kentucky has 7,700 shares for 0% of their US portfolio. Geode Mgmt Limited Liability Com accumulated 137,668 shares or 0% of the stock. Moreover, Systematic Fin L P has 0.02% invested in Bob Evans Farms Inc (NASDAQ:BOBE) for 46,400 shares.

Bob Evans Farms Inc (NASDAQ:BOBE) Ratings Coverage

Out of 6 analysts covering Bob Evans Farms (NASDAQ:BOBE), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Bob Evans Farms has been the topic of 7 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, May 11 by Sidoti. The stock of Bob Evans Farms Inc (NASDAQ:BOBE) has “Outperform” rating given on Wednesday, December 2 by Oppenheimer. As per Monday, August 31, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Buy” rating given on Tuesday, May 17 by Maxim Group. The firm has “Outperform” rating by Oppenheimer given on Thursday, October 15. Stephens upgraded Bob Evans Farms Inc (NASDAQ:BOBE) rating on Thursday, December 3. Stephens has “Equal-Weight” rating and $40 price target. The stock of Bob Evans Farms Inc (NASDAQ:BOBE) has “Strong-Buy” rating given on Thursday, September 3 by Zacks.

BOBE Company Profile

Bob Evans Farms, Inc. (Bob Evans), incorporated on November 4, 1985, is a full-service restaurant company. The Firm 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. These food products are distributed to clients throughout the United States. Additionally, the Company makes and sells similar products to foodservice customers, including Bob Evans Restaurants and other restaurants and food sellers. The Firm operates in two divisions: Bob Evans Restaurants and BEF Foods. As of April 29, 2016, the Company operated 527 Bob Evans Restaurants in 18 states.

More notable recent Bob Evans Farms Inc (NASDAQ:BOBE) news were published by: Wsj.com which released: “Bob Evans Farms Taps Restaurant-Industry Veteran Saed Mohseni as New CEO” on November 17, 2015, also Fool.com with their article: “Why Bob Evans Farms, Inc. Stock Slipped 15% Last Month” published on July 07, 2016, Marketwatch.com published: “Bob Evans Farms’ profit, revenue decline” on December 01, 2015. More interesting news about Bob Evans Farms Inc (NASDAQ:BOBE) were released by: Businesswire.com and their article: “Sandell to Launch Consent Solicitation at Bob Evans Farms, Inc.” published on October 06, 2016 as well as Forbes.com‘s news article titled: “Bob Evans Shows Why An Activist Wants Its Restaurants Set Aside” with publication date: August 31, 2016.

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By Marie Mckinney


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