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Bob Evans Farms (BOBE) Surges: Stock Moves 5.0% Higher
Bob Evans Farms, Inc. was a big mover last session, as the company saw its shares rise over 5% on the day. The upside was driven after the company reported better-than-expected first-quarter fiscal 2017 results. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 12.7% since Aug 10.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Bob Evans Farms has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the same industry is Del Taco Restaurants, Inc. with a Zacks Rank #2 (Buy).
Is BOBE going up? Or down? Predict to see what others think: Up or Down
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