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UPDATE: Oppenheimer Initiates Bob Evans Farms at Outperform on Attractive Investment Opportunity

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In a report published on Wednesday, Oppenheimer analyst Brian Bittner initiated coverage on Bob Evans Farms (NASDAQ: BOBE) with a rating of Outperform and a price target of $57.

In the report, Oppenheimer noted, "Underfollowed by the Street, we believe BOBE represents an attractive investment opportunity. As both businesses (restaurants & grocery) butterfly out of "transformational" initiatives, we expect the asset base to improve, margin structure to elevate and an attractive earnings upside case to emerge."

Bob Evans Farms closed on Tuesday at $47.17.

Latest Ratings for BOBE

DateFirmActionFromTo
Jun 2015Miller TabakUpgradesHoldBuy
Mar 2015KeyBancMaintainsUnderweight
Mar 2015Janney CapitalDowngradesBuyNeutral

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Posted-In: Brian Bittner OppenheimerAnalyst Color Initiation Analyst Ratings

 

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