Bob Evans Farms, Inc. (BOBE) was a big mover last session with shares rising over 5% on the day. The move came on solid 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 above the volatile price range of $43.46 to $45.78 since April 10.
This restaurant chain has seen one negative estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.
Bob Evans Farms currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the restaurant industry may consider better-ranked stocks like Ignite Restaurant Group, Inc. (IRG), The Wendy's Company (WEN) and Kona Grill Inc. (KONA). While Ignite Restaurant Group and Wendy’s sport a Zacks Rank #1 (Strong Buy), Kona Grill bears a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
BOB EVANS FARMS INC (BOBE): Free Stock Analysis Report
IGNITE RESTAURANT GROUP INC (IRG): Free Stock Analysis Report
WENDY'S CO (WEN): Free Stock Analysis Report
KONA GRILL INC (KONA): Free Stock Analysis Report
Zacks Investment Research