Boulder Brands, Inc. was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on the news that activist Glenn Welling has significantly boosted his stake in the company to 5.86 million shares. This led to solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 13% since Jul 8, 2015.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Boulder Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked food stock is Cal-Maine Foods, Inc. , sporting a Zacks Rank #1 (Strong Buy).
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