- American City Business Journals•29 minutes ago
Bob Evans Farms Inc. is splitting its business, selling its iconic restaurant chain to a private equity company while bolstering its remaining food business with another acquisition. The New Albany-based company disclosed after the markets closed Tuesday that Golden Gate Capital would buy the 523-restaurant chain for $565 million, plus the assumption of some debt. “This is an important time for our brand, our company and our team, and this partnership will provide Bob Evans Restaurants with the resources, knowledge and flexibility needed to drive our growth, while remaining true to the values of our founder, Bob Evans,” CEO Saed Mohseni said in a press release.
- American City Business Journals•58 minutes ago
The New Albany-based restaurant chain Tuesday announced it was splitting from its public parent, Bob Evans Farms Inc. (BOBE), in a $565 million sale to San Francisco-based private equity firm Golden Gate Capital, a move that will take the 523-unit chain private and better position it for growth, executives said. “Golden Gate was interested in Bob Evans because they see both the future potential and what already has taken place,” CEO Saed Mohseni told me after the sale was announced. Two years ago it purchased the more than 700-unit Red Lobster brand from Orlando-based Darden Restaurants Inc. for $2.1 billion.
- The Wall Street Journal•1 hour ago
Bob Evans Farms Inc. has reached a deal to sell its restaurants and buy Maine’s Pineland Farms Potato Co., bringing to a close its on-and-off dance with activist investor Thomas Sandell.
BOBE : Summary for Bob Evans Farms, Inc. - Yahoo Finance
Bob Evans Farms, Inc. (BOBE)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||55.40 x 600|
|Ask||56.37 x 100|
|Day's Range||47.50 - 48.29|
|52 Week Range||35.63 - 55.12|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||34.18|
|Dividend & Yield||1.36 (2.82%)|
|1y Target Est||N/A|