NEW YORK (TheStreet) -- Shares of Bob Evans Farms (BOBE) were rallying, up 4.4% to $49.59 in early market trading Wednesday, after the full-service restaurant company's fourth quarter earnings release after the closing bell yesterday.
For the fourth quarter, the company earned 56 cents per share, on revenue of $332.4 million.
Analysts polled by Thomson Reuters were expecting earnings of 41 cents per share on sales of $330.97 million for the period.
"During the fourth quarter and into early fiscal 2016, we continued to intensify our focus on execution and efficiency in all aspects of our operations at Bob Evans," company CFO Mark Hood said in a statement.
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."