A Reversal for Bob Evans Farms Incorporated (NASDAQ:BOBE) Is Not Near. The Stock Has Rise in Shorts

September 17, 2017 - By Richard Conner

 A Reversal for Bob Evans Farms Incorporated (NASDAQ:BOBE) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.20, from 1.06 in 2016Q3. It turned negative, as 27 investors sold Bob Evans Farms Inc shares while 51 reduced holdings. 27 funds opened positions while 40 raised stakes. 14.54 million shares or 5.73% less from 15.42 million shares in 2016Q3 were reported.
Aqr Capital Mngmt Limited, Connecticut-based fund reported 14,633 shares. Wedge Cap L Limited Partnership Nc stated it has 0% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE). Bessemer Group accumulated 43,247 shares. Us Financial Bank De holds 0% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE) for 3,150 shares. Thomas White Interest reported 85 shares stake. Parametric Assoc Limited Liability Corp has 0.01% invested in Bob Evans Farms Inc (NASDAQ:BOBE) for 77,155 shares. Manufacturers Life Insur The has invested 0% in Bob Evans Farms Inc (NASDAQ:BOBE). Blackrock Limited Liability reported 0.02% in Bob Evans Farms Inc (NASDAQ:BOBE). Blackrock Institutional Tru Na accumulated 526,943 shares. 964 are held by Creative Planning. Tortoise Investment Ltd Liability Company invested in 475 shares or 0.01% of the stock. Moreover, Huntington Retail Bank has 0.01% invested in Bob Evans Farms Inc (NASDAQ:BOBE) for 9,600 shares. Pinnacle Limited stated it has 0.01% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE). Peak6 Invs Lp owns 19,442 shares for 0.01% of their portfolio. Bankshares Of Montreal Can stated it has 0% in Bob Evans Farms Inc (NASDAQ:BOBE).

The stock of Bob Evans Farms Incorporated (NASDAQ:BOBE) registered an increase of 22.72% in short interest. BOBE’s total short interest was 1.48M shares in September as published by FINRA. Its up 22.72% from 1.20M shares, reported previously. With 447,200 shares average volume, it will take short sellers 3 days to cover their BOBE’s short positions. The short interest to Bob Evans Farms Incorporated’s float is 7.55%.

The stock increased 1.99% or $1.4 on September 15, reaching $71.91. About 386,023 shares traded or 16.34% up from the average. Bob Evans Farms Inc (NASDAQ:BOBE) has risen 55.35% since September 17, 2016 and is uptrending. It has outperformed by 38.65% the S&P500.

Bob Evans Farms, Inc. is a producer and distributor of refrigerated potato, pasta and vegetable side dishes, pork sausage, and a variety of refrigerated and frozen food items under the Bob Evans and Owens or Country Creek brand names. The company has market cap of $1.43 billion. The Company’s food products are distributed to clients throughout the United States. It has a 74.64 P/E ratio. Additionally, the Company makes and sells similar products to foodservice customers, restaurants and food sellers.

Bob Evans Farms Inc (NASDAQ:BOBE) Ratings Coverage

Among 7 analysts covering Bob Evans Farms (NASDAQ:BOBE), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Bob Evans Farms had 16 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 15 by Oppenheimer. The rating was maintained by Maxim Group on Wednesday, August 30 with “Buy”. The stock of Bob Evans Farms Inc (NASDAQ:BOBE) earned “Buy” rating by Maxim Group on Tuesday, May 17. The rating was initiated by Sidoti on Wednesday, May 11 with “Buy”. Oppenheimer maintained the stock with “Hold” rating in Monday, June 26 report. The firm has “Equal-Weight” rating by Stephens given on Thursday, December 3. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, August 31. On Wednesday, August 30 the stock rating was maintained by Oppenheimer with “Hold”. The rating was maintained by Maxim Group with “Buy” on Wednesday, December 7. Oppenheimer maintained the shares of BOBE in report on Thursday, October 15 with “Outperform” rating.

More notable recent Bob Evans Farms Inc (NASDAQ:BOBE) news were published by: Nasdaq.com which released: “Bob Evans Farms, Inc. (BOBE) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017, also Seekingalpha.com with their article: “Bob Evans Farms’ (BOBE) CEO Michael Townsley on Q4 2017 Results – Earnings …” published on June 15, 2017, Foodbusinessnews.net published: “Bob Evans Farms begins new chapter” on May 01, 2017. More interesting news about Bob Evans Farms Inc (NASDAQ:BOBE) were released by: Forbes.com and their article: “Bob Evans Stock Boosted By Half-Billion Dollar Deal To Take Its Restaurants …” published on January 25, 2017 as well as Seekingalpha.com‘s news article titled: “Bob Evans Farms’ (BOBE) CEO Saed Mohseni on Q3 2017 Results – Earnings Call …” with publication date: March 08, 2017.

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