Boulder Brands shares should be bought on weakness, says BB&T After Boulder Brands reported lower than expected earnings, BB&T blames the miss on higher egg white costs and lower-than-anticipated sales. The firm keeps a $16 price target and Buy rating on the shares.
Boulder Brands announces separation of chairman and CEO roles Boulder Brands said in a filing that on March 18, its board of directors determined to separate the roles of Chairman of the Board and CEO of the company and appointed R. Dean Hollis to serve as non-executive Chairman of the Board. Stephen B. Hughes will continue to serve as the company’s CEO. The Board’s decision to separate the Chairman and CEO roles was made as part of the Board’s ongoing evaluation of the company’s governance policies and practices and after considering the views expressed by various stockholders of the company. Hollis has been a member of the Board since July 2011 and served as the Board’s Lead Independent Director from October 2013 until his appointment as Chairman of the Board effective March 18. Hollis is also a member of the Board’s Audit and Nominating and Corporate Governance Committees.