Janney Capital Markets Reiterates on Bob Evans Farms as Potential Positives Balances Out Risks
In a report published Wednesday, Janney Capital Markets analyst Mark Kalinowski reiterated a Neutral rating on Bob Evans Farms (NASDAQ: BOBE).
In the report, Janney Capital Markets noted, “We rate Bob Evans Farms Neutral given that potential positives for the company balance the risks. Potential positives include increasing sales mix in off-premise sales (carry out) at Bob Evans Restaurants and potential tuck-in acquisitions. Potential concerns and risks include a highly competitive family-dining sector where Bob Evans currently maintains a fourth-place market share, overall secular decline in the family dining industry where Bob Evans may lack catalysts for growth compared to some of the other players in the space (refranchising initiatives, international expansion of the brand, taking market share domestically), and volatile pricing of the company's largest commodity cost (sow).”
Bob Evans Farms closed on Tuesday at $56.72.
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