Bob Evans Farms, Inc. (BOBE) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $49.24 to $51.74 in the past one-month time frame.
The company, operating restaurants, has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
BOBE currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Brinker International, Inc. (EAT), Burger King Worldwide, Inc. (BKW) and Chipotle Mexican Grill, Inc. (CMG). All these stocks hold a Zacks Rank #2 (Buy).
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