Bob Evans criticized following weak 3Q

Bob Evans criticized following weak 3Q

Analysts and investors censure operator after lower expectations lead to stock price plunge

Analysts and investors sharply criticized Bob Evans Farms Inc. on Wednesday, after the company released a third-quarter earnings report that included higher food and labor costs and a steeply reduced earnings projection for the year.

Bob Evans’ stock fell more than 20 percent on Wednesday, following a pair of downgrades from Janney Capital Markets analyst Mark Kalinowski and Miller Tabak + Co. analyst Stephen Anderson. Both analysts downgraded Bob Evans from “buy” to “neutral.”<

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