NEW YORK (TheStreet) -- Shares of Bob Evans Farms (BOBE) were falling 4.6% to $53.30 in after-hours trading Tuesday after the restaurant operator missed analysts' estimates for revenue in the fiscal second quarter.
Bob Evans Farms reported revenue growth 0.2% year over year to $333.28 million for the fiscal second quarter, missing analysts' estimates of $343.76 million for the quarter. The company reported earnings of 36 cents a share for the second quarter, above analysts' estimates of 33 cents a share.
Net sales at Bob Evans Restaurants grew 0.3% from the year-ago quarter to $241.2 million in the second quarter, and same-store sales were flat for the quarter. Same store sales are up 2.7% in the third quarter as of Nov. 27, 2014, according to the company.
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Bob Evans Farms narrowed its fiscal 2015 EPS guidance to between $1.90 and $2.10.
TheStreet Ratings team rates BOB EVANS FARMS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOB EVANS FARMS (BOBE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity."
You can view the full analysis from the report here: BOBE Ratings Report