Bob Evans Farms Reaches New 52-Week High (BOBE)

NEW YORK ( TheStreet) -- Bob Evans Farms (Nasdaq: BOBE) hit a new 52-week high Thursday as it is currently trading at $40.68, above its previous 52-week high of $40.59 with 19,327 shares traded as of 10:39 a.m. ET. Average volume has been 139,600 shares over the past 30 days.

Bob Evans Farms has a market cap of $1.16 billion and is part of the services sector and leisure industry. Shares are up 18.9% year to date as of the close of trading on Wednesday.

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 17.4, above the average leisure industry P/E ratio of 17.3 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, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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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