New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
12:48 EDTBOBE, DENN, CBRLBob Evans sinks after lowering full year profit view
Shares of Bob Evans Farms (BOBE), a full service restaurant and food distributor, are sinking after the company's third quarter results trailed expectations, and it lowered its fiscal 2014 profit view for the second time this year. WHAT'S NEW: Last night, Bob Evans reported Q3 earnings per share of 30c and revenue of $340.13M, compared to expectations of 57c and $350.54M, respectively. WHAT'S NOTABLE: The company lowered its FY14 adjusted EPS view to $1.60-$1.75 from $2.20-$2.30, compared to consensus of $2.26. It also lowered its FY14 EPS outlook on January 21, from $2.60-$2.65 to $2.20-$2.30. The company cited adverse impacts from severe winter weather for the reduced guidance. For FY15, the company expects EPS of $2.80-$3.00, versus consensus of $2.90. For the Bob Evans Restaurant business, the company expects same-store sales of 3.0%-3.5% and 8 to 10 new restaurants for FY15. For the BEF Foods business, the company expects sales growth of 8%-9% and sow costs of $70 per hundredweight for FY15. Bob Evans said it expects to complete its current $225M share repurchase program by the end of FY14 and that its board of directors has authorized up to $100M of share repurchases for FY15. ANALYST REACTION: This morning, KeyBanc Capital Markets had a Hold rating on the shares. PRICE ACTION: In early afternoon trading, Bob Evans fell $4.17, or about 8%, to $47.57 on nearly four times its average daily trading volume. Despite today's slide, the stock has gained about 17% over the past twelve months. OTHERS TO WATCH: Other full service restaurants include Denny's (DENN) and Cracker Barrel (CBRL).
News For BOBE;DENN;CBRL From The Last 14 Days
Check below for free stories on BOBE;DENN;CBRL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 28, 2014
16:22 EDTDENNDenny's backs FY14 domestic franchise SSS view of up 1%-2%
Raises FY14 company SSS guidance to up 2.5%-3.5% from up 2%-3%. Lowers FY14 new restaurant openings guidance to 40-45 all franchised restaurants from 45-50 all franchised restaurants. Raises FY14 adjusted EBITDA guidance to $78M-$80M from $77M-$79M.
16:18 EDTDENNDenny's reports Q2 adjusted EPS 9c, consensus 8c
Reports Q2 revenue $114.6M, consensus $114.33M. Reports Q2 domestic system-wide SSS up 1.9%, comprised of a 3.7% increase at company restaurants and 1.7% increase at domestic franchised restaurants. Denny's opened three franchised restaurants in Q2 and closed six system restaurants; five franchised and one company, bringing the total restaurant count to 1,693, comprised of 160 company restaurants and 1,533 franchised restaurants.
15:47 EDTDENNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.
14:02 EDTBOBESandell says recently increased stake in Bob Evans to 7.6%
Subscribe for More Information
July 23, 2014
11:38 EDTDENNBrinker retreats after analyst downgrades on industry concerns
Subscribe for More Information
09:17 EDTBOBEBob Evans sees 10%-12% long-term EPS growth
Sees long term average annual net sales growth of 3%-3.5%. It expects to up to 10 new restaurants annually. Expects long-term SSS and new restaurants expected to contribute equally to net sales growth, for about 1.5%-1.75% each. Expects BEF Foods long-term average annual net sales growth of 6%-7%. Expects FY15 CapEx to be between $85M-$90M. Comments taken from slides for company's Investor Day in July.
July 21, 2014
11:05 EDTBOBEBob Evans management to meet with Oppenheimer
Meeting to be held in New York on July 23 hosted by Oppenheimer.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use