Bob Evans Rallies Off Q4 Beat

Bob Evans Farms Inc

shares are trading higher by $3.20 at $47.13 in Wednesday's session. The catalyst for the rally is a Q4 EPS beat of $0.08 with a slight revenue miss. After a higher open, it retreated but found support ahead of Tuesday's close ($43.93), reaching $44.27 before resuming its rally. So far, it reached $48.12 and fell back into the $47 handle. That marks the highest level for the issue since it peaked at $49 on September 2.