Janney Capital Downgrades Boulder Brands (BDBD) to Neutral

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Go back to Janney Capital Downgrades Boulder Brands (BDBD) to Neutral

Boulder Brands (BDBD) Struggle To Generate Consistent Results; Imperial Capital Cuts Price Target

June 12, 2015 7:03 AM EDT

Imperial Capital maintains an Outperform rating on Boulder Brands (NASDAQ: BDBD), and cut the price target to $12.00 (from $15.00), following the June 10th pre-announcement and resignation of CEO Steve Hughes. Analyst Mitchell Pinheiro believes that the company's struggle to generate consistent results is due to BDBD's singular focus and dependence on distribution gains.

Pinheiro commented, "We are maintaining our Outperform rating and are lowering our one-year price target to... More

Boulder Brands (BDBD) CEO Resigns, Q2 Revenue Guidance Falls Short

June 10, 2015 8:37 AM EDT

Boulder Brands, Inc. (Nasdaq: BDBD) today announced that Steve Hughes has resigned as Chief Executive Officer and as a member of the Boulder Brands Board of Directors effective immediately. The Boulder Brands Board of Directors has appointed James B. Leighton, the Company's Chief Operating Officer, to serve as Interim CEO, effective immediately. Mr. Leighton has served as Chief Operating Officer since October 2013 and has been a member of the Boulder Brands Board of Directors since August 2007.

"On behalf of the Board and entire Boulder Brands team, I want to thank Steve for his... More