ICR Guides Bob Evans in Big Breakfast Deal

ICR Guides Bob Evans in Big Breakfast Deal

ICR Guides Bob Evans in Big Breakfast Deal

A number of other research firms have also issued reports on BOBE. They now have a $72.00 price objective on the restaurant operator's stock.

The deal joins Post, which markets favorites such as Honey Bunches of Oats and Pebbles, with Evans' pork sausages to provide the St. Louis-based company a bigger share of the breakfast market. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. The deal will "significantly strengthen Post's portfolio of brands, expand choices for customers and increase Post's presence in higher growth categories of the packaged food market", the company said in a statement. Analysts have also given a consensus recommendation on the stock of 2.30. After $0.37 actual earnings per share reported by Bob Evans Farms Inc for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth. Sidoti initiated coverage on shares of Bob Evans Farms in a report on Wednesday, August 23rd.

"We have enormous respect for Bob Evans' success and are excited about the growth opportunities this combination will create", said Rob Vitale, President and Chief Executive Officer of Post Holdings. They set a "neutral" rating and a $76.00 price objective for the company.

Boxing Judge Adalaide Byrd Has A History Of Unpredictable Results
There would have been a rematch in any case, of course, and we're likely to see it on Cinco de Mayo (5 May) weekend next year. It wasn't that she necessarily got the victor wrong, but by too big of a margin.

Among 7 analysts covering Bob Evans Farms (NASDAQ:BOBE), 4 have Buy rating, 0 Sell and 3 Hold. BidaskClub lowered Bob Evans Farms from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 12th. The stock rose 1.01% or $1.44 reaching $144.29 per share.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 13 have Buy rating, 1 Sell and 3 Hold. Maxim Group upped their price target on shares of Bob Evans Farms from $74.00 to $80.00 and gave the stock a buy rating in a report on Tuesday, June 13th. The firm's 50 day moving average price is $67.08 and its 200 day moving average price is $66.76.

In the market the company is trading up by 1.99% percent from yesterday's close. Bob Evans Farms has a 52 week low of $36.88 and a 52 week high of $75.34. The business had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.29 million. Los Angeles Cap Mngmt Equity Research Inc invested 0.01% in Bob Evans Farms Inc (NASDAQ:BOBE). Bob Evans Farms's quarterly revenue was up 27.2% compared to the same quarter past year. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for APRN and estimated EPS for next quarter is $ -0.42. Bnp Paribas Arbitrage Sa invested 0% in Bob Evans Farms Inc (NASDAQ:BOBE). Budros Ruhlin Roe, Ohio-based fund reported 8,666 shares. "(BOBE)" was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of US & global copyright laws. Moreover, Pnc Ser Group Incorporated has 0% invested in Bob Evans Farms Inc (NASDAQ:BOBE).

Barca President Reveals Further Details on Philippe Coutinho Transfer Saga
The Liverpool star had been heavily linked with joining the Camp Nou but the two clubs failed to wrap up a deal for the Brazilian. And now, you can take out the world's tiniest violin to play a mournful melody as Bartomeu bemoans money in football.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. The ex-dividend date of this dividend is Wednesday, August 30th. This dividend amount represented a yeild of $1.93. Bob Evans Farms's dividend payout ratio is presently 22.08%.

In related news, SVP Thomas Alan Ashworth sold 7,100 shares of the company's stock in a transaction dated Thursday, June 22nd. Following the completion of the sale, the senior vice president now directly owns 4,367 shares of the company's stock, valued at $308,746.90. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bob Evans Farms during the 2nd quarter worth approximately $727,000. Flinton Capital Management LLC now owns 1,408 shares of the restaurant operator's stock valued at $101,000 after buying an additional 528 shares during the last quarter. About 2.67M shares traded or 697.69% up from the average. Public Employees Retirement System of OH now owns 3,610 shares of the restaurant operator's stock worth $259,000 after acquiring an additional 29 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Bob Evans Farms by 1.0% during the second quarter. Point72 Asset Management, L.p. added to its position by buying 335,000 shares an increase of 1,308.6% in the quarter. Blackrock Advsrs Limited Liability Corp has invested 0.02% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE). The monthly stock performance comes in at 0.00%. Fisher Asset Ltd Liability Corporation owns 10,005 shares or 0% of their USA portfolio.

Bob Evans, which was founded in 1948 in OH, produces and distributes refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items under the Bob Evans, Owens, Country Creek and Pineland Farms brands. The food service business sells a range of products, including sausage, sausage gravy, breakfast sandwiches and side dishes, which are made to match individual customer specifications.

3.6 magnitude quake strikes outside Los Angeles
The magnitude 3.6 natural disaster struck off at around 11.20pm on the Westside and the San Fernando Valley. The agency says the quake caused light to moderate shaking and very light damage.

Related news