They also have some very creative items, like the Macaroni and Cheese sandwich. For instance, their mashed potatoes, which has a taste that’s creamy and bit buttery. Their meals tend to be hearty and fulfilling. Recommended food items include their steak, mashed potatoes, and corn bread.
The activist fund has said for more than a year that BEF Foods has a valuation as a standalone business that could approach as much as $1.2 billion, even as the combined restaurant and packaged foods business enjoyed a market capitalization of $946 million.īob Evans' plan to acquire Pineland Farms Potato is a smart move, Knapp said, as the company’s ready-to-eat mashed potatoes are its most profitable product. Bob Evans has a diverse variety of choices. It has a good position, it has respected products and it was restored and revamped under (former CEO) Steven Davis, who knew that business and he built it up, streamlined the plant and expanded the penetration of the product lines." “And the food company has done fairly well. You can also choose a half-sandwich with a cup or soup or a side salad for an easy and fresh meal. “His theory is that the food company has a higher multiple than the restaurant,” Knapp told Food Dive. Soup and salad combos for lunch and curbside pickup starting at 5.99. Malcolm Knapp, founder of Knapp-Track and adviser to the food service industry, said that this move had always been the plan when activist investor Tom Sandell and Sandell Asset Management Group took control of Bob Evans. MENU ITEM PRICE Bob Evans Classic Breakfasts: Country-Fried Steak & Farm-Fresh Eggs: 8.99: The Homestead Breakfast: 8.99: Farmer’s Choice Breakfast: 8.49: Sunshine Skillet: 7.99: The Rise & Shine: 7.99: The Big Egg Breakfast: 8.49: Bob Evans Sausage Gravy Breakfast: 6.29: Bob Evans Sausage Gravy & Biscuits: 3.79: Classic Breakfast: 6.
The decision by Bob Evans Farms Inc. to sell off its restaurant chain business, separating it from its packaged food business, has been a long time coming.
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