Bob Evans Farms Stock Hits New 52-Week High (BOBE)

NEW YORK ( TheStreet) -- Bob Evans Farms (Nasdaq: BOBE) hit a new 52-week high Wednesday as it is currently trading at $38.71, above its previous 52-week high of $37.85 with 40,093 shares traded as of 9:40 a.m. ET. Average volume has been 184,000 shares over the past 30 days.

Bob Evans Farms has a market cap of $1.03 billion and is part of the services sector and leisure industry. Shares are up 9% year to date as of the close of trading on Tuesday.

Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans and Mimi's Cafe brand names in the United States. It also sells retail gifts, food items, and other novelties in its Bob Evans Restaurants, and seven Bob Evans Restaurants & General Stores. The company has a P/E ratio of 17.2, below the average leisure industry P/E ratio of 23 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bob Evans Farms as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Bob Evans Farms Ratings Report.

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