Jefferies Group Comments on Bojangles’, Inc.’s FY2017 Earnings (BOJA)

Bojangles’, Inc. (NASDAQ:BOJA) – Equities research analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for Bojangles’ in a research report issued to clients and investors on Wednesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings per share of $0.78 for the year, down from their previous forecast of $0.81. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Bojangles”s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.72 EPS.

Several other analysts also recently weighed in on the company. SunTrust Banks, Inc. restated a “buy” rating and set a $17.00 target price on shares of Bojangles’ in a research note on Friday, November 3rd. Royal Bank Of Canada reduced their price target on shares of Bojangles’ from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. Cowen and Company cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research report on Friday, October 20th. Barclays PLC reduced their price target on shares of Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, TheStreet cut Bojangles’ from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.38.

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Shares of Bojangles’ (BOJA) opened at $12.40 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The firm has a market capitalization of $476.34, a PE ratio of 14.60, a PEG ratio of 1.46 and a beta of 1.91. Bojangles’ has a 52 week low of $11.60 and a 52 week high of $22.35.

Bojangles’ (NASDAQ:BOJA) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $133.40 million for the quarter, compared to analyst estimates of $133.88 million. Bojangles’ had a return on equity of 15.11% and a net margin of 6.13%. Bojangles”s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.

Bojangles’ announced that its board has authorized a stock repurchase plan on Wednesday, November 1st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its stake in shares of Bojangles’ by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 25,677 shares of the restaurant operator’s stock worth $417,000 after buying an additional 67 shares during the last quarter. American International Group Inc. boosted its stake in shares of Bojangles’ by 7.0% in the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after purchasing an additional 392 shares in the last quarter. Victory Capital Management Inc. boosted its position in Bojangles’ by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after buying an additional 1,139 shares during the period. TD Asset Management Inc. lifted its position in shares of Bojangles’ by 12.1% in the 2nd quarter. TD Asset Management Inc. now owns 21,349 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 2,300 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Bojangles’ by 30.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

About Bojangles’

Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.

Earnings History and Estimates for Bojangles` (NASDAQ:BOJA)

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