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Stock Market & Financial Investment News

News Breaks
March 6, 2014
06:36 EDTBOBEBob Evans upgraded to Buy from Hold at Miller Tabak
Miller Tabak upgraded Bob Evans and believes the worst is behind the company. The analyst sees increased earnings from remodeling benefits, lower costs at BEF Foods, SG&A cost savings, improved free cash flow, and potential increased private equity involvement. Price target raised to $58 from $50.
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July 28, 2014
14:02 EDTBOBESandell says recently increased stake in Bob Evans to 7.6%
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July 23, 2014
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.

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