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Stock Market & Financial Investment News

News Breaks
May 30, 2014
14:03 EDTBOBEBob Evans confirms good faith request to meet Sandell nominees
Bob Evans Farms confirmed that it has reached out to the director nominees proposed by Sandell Asset Management, seeking to interview them in a good faith effort to consider their candidacies, as the company committed to do when Sandell first proposed them. The company said, "Contrary to the assertions by Mr. Sandell in his press release this morning, Bob Evans offered to settle the pending proxy fight in January, by offering Mr. Sandell the opportunity to consult with the Board in the identification and selection of new independent directors to be added to the Board. Mr. Sandell rejected that offer. Furthermore, since last July, the Company has repeatedly spoken with and sought to engage Mr. Sandell in a constructive dialogue. He and his staff have spoken at length with Bob Evans' CEO, Steven Davis, and other members of the senior management team, as well as with the Board's lead independent director, Michael Gasser, and the Board's independent financial advisors, Lazard...It is perplexing that Mr. Sandell would ignore these repeated efforts and the good faith attempt to consider his nominees, especially when each of his nominees has already consented to being named in Bob Evans' own proxy statement as a nominee and to serve as a director if elected. Interviewing them to consider their candidacies is a standard good governance practice, and the Bob Evans Board remains open to pursuing this process in an effort to avoid a wasteful and divisive proxy contest."
News For BOBE From The Last 14 Days
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September 1, 2015
16:12 EDTBOBEBob Evans sees FY16 revenue $1.33B-$1.39B, consensus $1.36B
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16:11 EDTBOBEBob Evans reports Q1 SSS down 0.3%
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16:09 EDTBOBEBob Evans authorizes $200M sale-leaseback transaction
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16:07 EDTBOBEBob Evans says continues CEO search
"We are continuing our CEO search as the CEO search committee of the board of directors remains engaged in a thoughtful and thorough process to identify and appoint the right chief executive to lead the company forward," said Bob Evans Executive Chairman Doug Benham.
16:05 EDTBOBEBob Evans raises FY16 adjusted EPS to $1.85-$2.00 from $1.75-$1.95
FY16 EPS consensus $1.85. Raises FY16 cost savings as part of turnaround plan to $17M from $14M. "Our guidance remains cautious as a result of commodity headwinds associated with avian influenza, continued efforts to reduce restaurant discounts while growing transactions, and general economic conditions, including volatility in financial markets," said the company.
16:02 EDTBOBEBob Evans reports Q1 adjusted EPS 51c, consensus 30c
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August 31, 2015
10:01 EDTBOBEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 58.com (WUBA) upgraded to Overweight from Underweight at Morgan Stanley... AU Optronics (AUO) upgraded to Outperform from Underperform at Bernstein... Asbury Automotive (ABG) upgraded to Neutral from Underperform at Buckingham... Astec (ASTE) upgraded on upcoming catalysts at Stifel... Baidu (BIDU) upgraded to Buy from Hold at Jefferies... Bob Evans (BOBE) upgraded to Sector Weight from Underweight at KeyBanc... CNOOC (CEO) upgraded to Buy from Neutral at BofA/Merrill... Dover (DOV) upgraded on valuation, headwinds bottom at Bernstein... Envestnet (ENV) upgraded to Outperform from Market Perform at Avondale... Generac (GNRC) upgraded to Outperform from Market Perform at William Blair... Gold Fields (GFI) upgraded to Sector Perform from Underperform at Scotia Howard Weil... Goldman Sachs (GS) upgraded to Buy from Hold at Evercore ISI... Intel (INTC) upgraded to Outperform from Market Perform at Northland... J.C. Penney (JCP) upgraded to Buy from Hold at Deutsche Bank... Leggett & Platt (LEG) upgraded to Outperform from Market Perform at Raymond James... Morgan Stanley (MS) upgraded to Buy from Hold at Evercore ISI... Newmont Mining (NEM) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Pan American Silver (PAAS) upgraded to Outperform at Scotia Howard Weil... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... Stanley Black & Decker (SWK) upgraded to Outperform from Neutral at Macquarie... Telefonica Brasil (VIV) upgraded to Overweight from Equal Weight at Morgan Stanley... Tenet (THC) upgraded to Outperform from Market Perform at BMO Capital... Twitter (TWTR) upgraded to Buy from Neutral at SunTrust... UIL Holdings (UIL) upgraded to Hold from Sell at Argus... Vocera (VCRA) upgraded to Outperform from Market Perform at Leerink... Wisconsin Energy (WEC) upgraded to Conviction Buy from Buy at Goldman.
August 30, 2015
22:15 EDTBOBEBob Evans upgraded to Sector Weight from Underweight at KeyBanc
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August 28, 2015
07:34 EDTBOBEBob Evans names Doug Benham as executive chair
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August 19, 2015
08:12 EDTBOBEBob Evans repeats FY16 adjusted EPS view $1.75-$1.95, consensus $1.85
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