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4 Reasons to Add Bob Evans Farms (BOBE) to Your Portfolio
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Based in New Albany, OH, Bob Evans Farms, Inc. is divided into two principal industry segments: food products and restaurant. The company owns and operates full-service restaurants under the Bob Evans Restaurants brand in the U.S. It also produces and distributes sausage and bacon products along with complementary refrigerated and frozen convenient foods, selling under the Bob Evans, Owens and the Country Creek brands through its BEF Foods segment.
Stock Price Movement & Other Returns: Bob Evans Farms’ shares have outperformed the broader Zacks categorized Retail-Restaurants industry over the past six months. While the stock gained nearly 30%, the broader industry witnessed a loss of around 6% in the same time frame. Given its progress on the fundamentals, the stock should keep performing well in the quarters ahead.
Return on Equity: Bob Evans Farms delivered return on equity (ROE) of 18.5% in the trailing 12 months, compared with the industry’s gain of 8.4%. This indicates that the company reinvests more efficiently compared with its peers.
Low Beta Stock: A stock with beta less than 1 suggests that the price movement of the stock is not highly correlated with the market. Such a stock is a safer bet because it is less volatile than the market. Bob Evans Farms has an impressive beta of 0.45. Therefore, adding it to your portfolio will bring down the overall beta, thereby reducing risks.
Earnings History and Estimate Revisions: Bob Evans Farms has beaten earnings estimates in each of the trailing seven quarters, with an average beat of 14.74% in the last four quarters.
Meanwhile, over the past 60 days, the current quarter and current year estimate have increased 12.5% and 6.7%, respectively. The positive earnings estimate revisions indicate analysts’ confidence, thereby substantiating the Zacks Rank #1 for the stock and expectations of outperformance in the near term. Further, for fiscal 2017, EPS is expected to grow a solid 10.9%.
Other Stocks to Consider
Other favorably ranked stocks in this sector include Dave & Buster's Entertainment, Inc. (PLAY - Free Report) , Wingstop Inc. (WING - Free Report) and The Cheesecake Factory Incorporated (CAKE - Free Report) . While Dave & Buster's and Wingstop sports the same Zacks Rank as Bob Evans Farms, Cheesecake Factory carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Dave & Buster's fiscal 2017 earnings climbed 6.2% over the last 60 days. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 37.81%.
Wingstop’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 11.99%. Further, for 2016, EPS is projected to grow 21.28%.
Cheesecake Factory’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 10.84%. Further, for 2016, EPS is expected to grow 19.49%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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4 Reasons to Add Bob Evans Farms (BOBE) to Your Portfolio
Based in New Albany, OH, Bob Evans Farms, Inc. is divided into two principal industry segments: food products and restaurant. The company owns and operates full-service restaurants under the Bob Evans Restaurants brand in the U.S. It also produces and distributes sausage and bacon products along with complementary refrigerated and frozen convenient foods, selling under the Bob Evans, Owens and the Country Creek brands through its BEF Foods segment.
This Zacks Rank #1 (Strong Buy) company reflects strength in several areas and should make a value addition to your portfolio. You can see the complete list of today’s Zacks #1 Rank stocks here.
Why is Bob Evans Farms’ a Solid Choice?
Stock Price Movement & Other Returns: Bob Evans Farms’ shares have outperformed the broader Zacks categorized Retail-Restaurants industry over the past six months. While the stock gained nearly 30%, the broader industry witnessed a loss of around 6% in the same time frame. Given its progress on the fundamentals, the stock should keep performing well in the quarters ahead.
Return on Equity: Bob Evans Farms delivered return on equity (ROE) of 18.5% in the trailing 12 months, compared with the industry’s gain of 8.4%. This indicates that the company reinvests more efficiently compared with its peers.
Low Beta Stock: A stock with beta less than 1 suggests that the price movement of the stock is not highly correlated with the market. Such a stock is a safer bet because it is less volatile than the market. Bob Evans Farms has an impressive beta of 0.45. Therefore, adding it to your portfolio will bring down the overall beta, thereby reducing risks.
Earnings History and Estimate Revisions: Bob Evans Farms has beaten earnings estimates in each of the trailing seven quarters, with an average beat of 14.74% in the last four quarters.
Meanwhile, over the past 60 days, the current quarter and current year estimate have increased 12.5% and 6.7%, respectively. The positive earnings estimate revisions indicate analysts’ confidence, thereby substantiating the Zacks Rank #1 for the stock and expectations of outperformance in the near term. Further, for fiscal 2017, EPS is expected to grow a solid 10.9%.
Other Stocks to Consider
Other favorably ranked stocks in this sector include Dave & Buster's Entertainment, Inc. (PLAY - Free Report) , Wingstop Inc. (WING - Free Report) and The Cheesecake Factory Incorporated (CAKE - Free Report) . While Dave & Buster's and Wingstop sports the same Zacks Rank as Bob Evans Farms, Cheesecake Factory carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Dave & Buster's fiscal 2017 earnings climbed 6.2% over the last 60 days. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 37.81%.
Wingstop’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 11.99%. Further, for 2016, EPS is projected to grow 21.28%.
Cheesecake Factory’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 10.84%. Further, for 2016, EPS is expected to grow 19.49%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>