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Stock Market & Financial Investment News

News Breaks
July 7, 2014
20:01 EDTBOBEBob Evans 'corrects' Sandell Asset Management statement
Bob Evans Farms made the following statement with respect to settlement discussions with Sandell Asset Management Corp. and its affiliates. "Sandell today chose to issue a press release omitting details of both Sandell's and the company's actual proposals to settle the proxy contest, which was initiated by Sandell," said Bob Evans CEO Steven A. Davis. "Sandell did not disclose that its latest proposal would have required, among other things, that two-thirds of the board and its entire finance committee be comprised of either new directors or directors with only recent experience with the company's business operations, strategy and customers. Under Sandell's, proposal, only two of the board's eleven independent directors would have had more than three years of experience with the company. Additionally, Sandell demanded that the company reimburse up to $2M of Sandell's expenses." The board does not believe the Sandell proposal is in the best interests of all stockholders. Moreover, contrary to what Sandell says, the board has continued to try to reach a constructive resolution to avoid a costly and divisive proxy contest. Rather than responding in good faith to the board's latest proposal, Sandell simply issued a press release more telling in its omissions than its facts.
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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