Why Bob Evans Farms, Inc. (NASDAQ:BOBE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $54.50 on Bob Evans Farms, Inc. (NASDAQ:BOBE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.09 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Bob Evans Farms, Inc. (NASDAQ:BOBE) stands at 33.18.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Bob Evans Farms, Inc., the PEG ratio for coming 3-5 years is 1.60.

Technical Analysis

The technical analysis highlights that Bob Evans Farms, Inc. current is trading $0.56 points away or +1.51% from its 50-day moving average of $36.93. Further it is trading $-5.14 or -12.05% away its 200-day moving average of $42.63.

The 52-week high of Bob Evans Farms, Inc. (NASDAQ:BOBE) was $49.00 while lowest point recorded in 52-week was $35.63. It implies if stock price makes a movement of over $-11.51, it will record a new 52-week high. In the case of +5.22% drop, it will touch a new 52-week low.

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