NEW YORK (TheStreet) -- Shares of Bob Evans Farms (BOBE) are higher by 0.08% to $47.89 in mid-morning trading Tuesday, ahead of the full-service restaurant company's fourth quarter earnings release after the closing bell later today.
Analysts are expecting the company to post earnings of 41 cents for the quarter, down from the 48 cents it reported in the prior year, according to analysts surveyed by Thomson Reuters.
Revenue is expected by Wall Street analysts to come in at $330.97 million, higher compared to the year ago sales of $326.37 million.
Last Friday, Bob Evans announced a strategic transaction through a sale-leaseback or a tax-free real estate investment trust conversion spin-off.
New Albany, Ohio-based Bob Evans Farms owns and operates full-service restaurants under the Bob Evans Restaurants brand name.
It operates roughly 562 family restaurants in 19 U.S. states.
Through its BEF Foods segment, the company is a producer and distributor of refrigerated side dishes, pork sausage and a variety of refrigerated and frozen convenience food products.
Separately, 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 strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and disappointing return on equity."