Bob Evans shares should be bought on weakness, says Oppenheimer After Bob Evans cut its FY14 EPS guidance, Oppenheimer thinks the guidance reduction was due to issues that were somewhat transitory in nature. The firm thinks the company will have a number of positive catalysts in FY14 and it keeps an Outperform rating on the shares.
News For BOBE From The Last 14 Days
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Bob 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.