Last $50.96 USD
Change Today +0.38 / 0.75%
Volume 141.8K
BOBE On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

bob evans farms (BOBE) Snapshot

Open
$50.83
Previous Close
$50.58
Day High
$51.38
Day Low
$50.53
52 Week High
12/2/14 - $55.99
52 Week Low
09/3/14 - $42.28
Market Cap
1.2B
Average Volume 10 Days
296.0K
EPS TTM
$1.07
Shares Outstanding
23.6M
EX-Date
11/26/14
P/E TM
47.8x
Dividend
$1.24
Dividend Yield
2.43%
Current Stock Chart for BOB EVANS FARMS (BOBE)

bob evans farms (BOBE) Related Businessweek News

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bob evans farms (BOBE) Details

Bob Evans Farms, Inc. operates as a full-service restaurant company in the United States. The company conducts its operations through Bob Evans Restaurants and BEF Foods segments. As of April 25, 2014, it owned and operated 561 Bob Evans Restaurants and licensed 2 Bob Evans Express locations. The company’s restaurants offers breakfast, lunch, and dinner items in family-friendly settings. It also produces and distributes fresh, smoked, and fully cooked pork sausage, ham, and hickory-smoked bacon products; ready-to-eat products, such as sandwiches, soups, and gravies; home-style refrigerated side dishes; and frozen food items primarily under the Bob Evans, Owens, and Country Creek brands. In addition, the company manufactures and sells products to foodservice accounts, including Bob Evans Restaurants, and other restaurants and food sellers. Bob Evans Farms, Inc. was founded in 1948 and is headquartered in New Albany, Ohio.

7,973 Employees
Last Reported Date: 07/9/14
Founded in 1948

bob evans farms (BOBE) Top Compensated Officers

Interim Co-Chief Executive Officer and Presid...
Total Annual Compensation: $358.6K
Executive Vice President of Human Resources
Total Annual Compensation: $288.2K
Executive
Total Annual Compensation: $808.1K
Executive Officer
Total Annual Compensation: $292.3K
Compensation as of Fiscal Year 2014.

bob evans farms (BOBE) Key Developments

Bob Evans Farms, Inc. Announces Management Changes

Bob Evans Farms, Inc. announced that Steve Davis, by mutual agreement with the company board of directors, has stepped down as Chief Executive Officer and a director of the company. While the official change will take place immediately, Mr. Davis will remain with the company through the end of the year to assist with the transition process. The company also announced that its board has established an interim Office of the Chief Executive to provide ongoing leadership and oversight of the day-to-day operations of the company while a search is conducted for a new CEO. The Office of the CEO is to be filled by Mark Hood, Chief Financial Officer, and Mike Townsley, President of the Bob Evans Foods business unit. Both will remain in their current positions while carrying out their new responsibilities. To provide ongoing support for the Office of the CEO, the board has also formed a Transition Committee, consisting of independent directors Mary Kay Haben, Doug Benham, and Larry McWilliams, with Ms. Haben serving as the Chair of the Committee. These leadership changes are effective immediately. Mark Hood was named Chief Financial Officer of the company in June 2014. Prior to joining the company, he served as Senior Vice President and Chief Financial Officer of the Brown Shoe Company. Previously, he served as Senior Vice President and Chief Financial Officer with Panera Bread Company. Mike Townsley was named President of the Bob Evans Foods business unit in June 2008. He joined the company in 2003 as President and Chief Operating Officer of Owens Foods, a wholly owned subsidiary of the company. Previously, he was Senior Vice President of Sales and Marketing for Premium Standard Farms in Kansas City.

Bob Evans Farms, Inc. Declares Quarterly Dividend, Payable on December 15, 2014

Bob Evans Farms, Inc. declared quarterly dividend of $0.31 per share payable on December 15, 2014, to stockholders of record at the close of business on December 1, 2014.

Bob Evans Farms, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 24, 2014; Revises Earnings Guidance for the Fiscal 2015

Bob Evans Farms, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 24, 2014. For the quarter, the company reported net sales of $333,279,000 against $332,600,000 for the same period in the last year. Operating income was $9,012,000 against $8,895,000 for the same period in the last year. Income before income taxes was $6,809,000 against $8,755,000 for the same period in the last year. Income from continuing operations was $6,039,000 against $6,253,000 for the same period in the last year. Net loss was $6,039,000 or $0.25 per diluted share against $6,119,000 or $0.23 per diluted share for the same period in the last year. Non-GAAP operating income was $12,891,000 against $14,216,000 for the same period in the last year. Non-GAAP net income from continuing operations was $8,625,000 or $0.36 per diluted share against $9,505,000 or $0.35 per diluted share for the same period in the last year. Capital expenditures were $20.3 million. For the six months, the company reported net sales of $659,619,000 against $662,049,000 for the same period in the last year. Operating income was $9,076,000 against $20,894,000 for the same period in the last year. Income before income taxes was $5,257,000 against $20,910,000 for the same period in the last year. Income from continuing operations was $5,023,000 or $0.21 per diluted share against $14,629,000 or $0.53 per diluted share for the same period in the last year. Net loss was $5,023,000 or $0.21 per diluted share against $14,495,000 or $0.53 per diluted share for the same period in the last year. Net cash provided by operating activities was $39,976,000 against $71,079,000 for the same period in the last year. Purchase of property, plant and equipment was $36,955,000 against $117,673,000 for the same period in the last year. Non-GAAP operating income was $17,985,000 against $36,924,000 for the same period in the last year. Non-GAAP operating income was $9,645,000 against $13,579,000 for the same period in the last year. The company revised earnings guidance for the fiscal 2015. The company is narrowing its fiscal 2015 diluted EPS guidance range to $1.90 to $2.10. For the period, the company expects consolidated net sales of $1.35 billion to $1.37 billion, capital expenditures of $80 million to $85 million, depreciation and amortization of $81 million to $85 million, net interest expense of $9.5 million to $10.5 million and tax rate of 20% to 22%. The company lowered same-store sales guidance to mid-single digits growth for the back half of the year, down from high single digits, reflecting a modified rollout schedule for the Broasted Chicken platform through the second quarter of fiscal 2016 rather than the end of fiscal 2015.

 

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Price/Sales 0.9x
Price/Book 3.2x
Price/Cash Flow 11.2x
TEV/Sales 0.6x
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