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Bob Evans Farms Inc (BOBE.OQ)

BOBE.OQ on NASDAQ Stock Exchange Global Select Market

77.73USD
11 Dec 2017
Change (% chg)

$0.04 (+0.05%)
Prev Close
$77.69
Open
$77.68
Day's High
$77.84
Day's Low
$77.65
Volume
157,542
Avg. Vol
156,108
52-wk High
$78.24
52-wk Low
$47.50

Latest Key Developments (Source: Significant Developments)

Bob Evans Reports Q2 GAAP Earnings Per Share $0.11
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Bob Evans Farms Inc ::BOB EVANS REPORTS SECOND QUARTER FY 2018 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.35.Q2 GAAP EARNINGS PER SHARE $0.11.Q2 SALES $117.6 MILLION VERSUS I/B/E/S VIEW $117.9 MILLION.Q2 EARNINGS PER SHARE VIEW $0.35 -- THOMSON REUTERS I/B/E/S.BOB EVANS FARMS - DUE TO PENDING DEAL WITH POST HOLDINGS, CO WILL NOT BE UPDATING PREVIOUSLY ISSUED FINANCIAL GUIDANCE FOR FISCAL 2018.  Full Article

Post Holdings And Bob Evans Farms announce expiration of Hart-Scott-Rodino waiting period
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Post Holdings Inc ::POST HOLDINGS AND BOB EVANS FARMS ANNOUNCE EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD IN CONNECTION WITH PROPOSED ACQUISITION OF BOB EVANS FARMS.POST HOLDINGS INC - BOB EVANS ‍TRANSACTION IS NOW EXPECTED TO BE COMPLETED IN JANUARY 2018​.  Full Article

Post Holdings to buy Bob Evans Farms for about $1.5 bln
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Post Holdings Inc :Post Holdings to acquire Bob Evans Farms for $77.00 per share.Post Holdings Inc - ‍equity value of transaction is approximately $1.5 billion.​.Post Holdings Inc - ‍post management has affirmed its fiscal 2017 adjusted EBITDA guidance range of $975-$990 million​.Post Holdings Inc - deal to be ‍immediately accretive to post's top-line growth, adjusted EBITDA margins and free cash flow​.Post Holdings Inc - ‍post expects to finance purchase with cash on hand and through borrowings under post's existing revolving credit facility​.Post Holdings Inc - post management reaffirms certain fiscal 2017 guidance.Post Holdings Inc - ‍expects Bob Evans to contribute approximately $107 million of adjusted EBITDA on an annual basis​.Post Holdings Inc - ‍Bob Evans will continue its dividend payments in ordinary course of business pending closing​.Post Holdings Inc - one-time costs to achieve synergies are estimated to be approximately $25 million.  Full Article

Sandell Asset Management reports 8.1 pct stake in Bob Evans Farms
Thursday, 22 Sep 2016 

Sandell Asset Management: May pursue consent solicitation to solicit written consents from co's shareholders in order to facilitate separation, or pursue other alternatives . Had discussions, intend to have further discussions, with board,management,shareholders,other parties and advisors regarding separation . Believes Bob Evans Farms must now publicly commit to transparent process to separate bef foods and restaurants business segments .Sandell Asset Management reports 8.1 percent stake in Bob Evans Farms Inc as of September 22.  Full Article

Bob Evans reports fiscal 2017 Q1 results and raises fiscal 2017 EPS guidance
Wednesday, 31 Aug 2016 

Bob Evans Farms Inc : Reports Fiscal 2017 First-Quarter results and raises fiscal 2017 EPS guidance . Q1 non-GAAP earnings per share $0.48 . Q1 GAAP earnings per share $0.46 . Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Sees FY 2017 GAAP earnings per share $2.00 to $2.17 . Q1 sales $306.3 million versus I/B/E/S view $310.9 million . Sees FY 2017 non-GAAP earnings per share $2.05 to $2.20 . Sees FY 2017 earnings per share $2.00 to $2.17 . Sets quarterly dividend of $0.34per share . Qtrly same-store sales declined 4.3 percent . FY2017 earnings per share view $2.06, revenue view $1.30 billion -- Thomson Reuters I/B/E/S . Sees FY 2017 consolidated net sales $1.28 billion -$1.33 billion . Sees FY 2017 Bob Evans restaurants same-store sales of negative low-single digit to flat .Sees FY 2017 capital expenditures $75 to $80 million.  Full Article

Bob Evans reports Q4 earnings per share $0.48
Tuesday, 14 Jun 2016 

Bob Evans Farms Inc : Reports fiscal 2016 fourth-quarter and full-year results; provides fiscal year 2017 outlook . Q4 non-GAAP earnings per share $0.48 . Q4 GAAP earnings per share $0.03 . Q4 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Sees FY 2017 non-GAAP earnings per share $2.00 to $2.15 . Q4 sales $345.6 million versus I/B/E/S view $345.3 million . Bob Evans restaurants' Q4 same-store sales declined 3.0 percent . At Bob Evans restaurants, expect negative low-single digit to flat same-store sales for fiscal year 2017 . BEF Foods' net sales in fiscal 2017 are expected to be $400 to $420 million . Fiscal 2017 capital expenditure budget of $75 to $80 million . Sees FY 2017 consolidated net sales $1.28 to $1.33 billion . Sees FY 2017 GAAP diluted earnings per share $1.95 to $2.12 .FY2017 earnings per share view $2.19, revenue view $1.32 billion -- Thomson Reuters I/B/E/S.  Full Article

Bob Evans Farms announces closure of 27 restaurants
Monday, 25 Apr 2016 

Bob Evans Farms:Announces closure of 27 restaurants.Expects proceeds of approximately $20 million from sale of the owned properties.Although restaurants subject to closure generated $30 million of annual revenue, this action is expected to improve annual operating income by approximately $1 million.Company estimates it will incur $7.5 to $8.0 million of expenses related to the closures.Expenses will be classified as non-GAAP items, and will be reflected in fiscal 2016 fourth-quarter results.  Full Article

Bob Evans Farms Signs Purchase and Sales Agreements on Sale-Leaseback of 145 Restaurant Properties
Thursday, 25 Feb 2016 

Bob Evans Farms:Entered into purchase and sale agreements with National Retail Properties, LP, an affiliate of National Retail Properties, Inc. ("NNN") and Mesirow Realty Sale-Leaseback, Inc.Purchase and sale agreements for the sale for a purchase price of $163.4 million by Bob Evans Restaurants to NNN of a portfolio of 119 Bob Evans Restaurant properties.Purchase and sale agreements for the sale for a purchase price of $36.6 million by Bob Evans Restaurants to Mesirow of a portfolio of 26 Bob Evans Restaurant properties.Bob Evans Restaurants has agreed to enter into absolute net master leases with NNN and with Mesirow.Pursuant to which Bob Evans Restaurants will lease the locations for an initial term of 20 years, with five renewal options of five years each.  Full Article

Bob Evans Farms, Inc announces dividend
Thursday, 18 Feb 2016 

Bob Evans Farms, Inc:Says declares quarterly cash dividend of $0.34 per share on the company's outstanding common stock.Payable on March 14, 2016, to stockholders of record at the close of business on February 29, 2016.  Full Article