Brokerages Anticipate Bojangles Inc (BOJA) to Announce $0.18 EPS

Wall Street analysts predict that Bojangles Inc (NASDAQ:BOJA) will post $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bojangles’ earnings, with estimates ranging from $0.17 to $0.19. Bojangles posted earnings per share of $0.28 during the same quarter last year, which indicates a negative year over year growth rate of 35.7%. The business is expected to report its next earnings results on Tuesday, March 6th.

On average, analysts expect that Bojangles will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.79. For the next financial year, analysts expect that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.54 to $0.98. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Bojangles.

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

A number of brokerages recently weighed in on BOJA. Zacks Investment Research upgraded shares of Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub upgraded shares of Bojangles from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine downgraded shares of Bojangles from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating and set a $19.00 price objective on shares of Bojangles in a research report on Wednesday, January 3rd. Finally, Jefferies Group downgraded shares of Bojangles from a “buy” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $13.00 in a research report on Saturday, December 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOJA. FMR LLC raised its position in Bojangles by 15.0% in the second quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock worth $50,522,000 after acquiring an additional 406,647 shares during the period. Russell Investments Group Ltd. raised its position in Bojangles by 1,301.7% in the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock worth $5,677,000 after acquiring an additional 390,547 shares during the period. Clark Estates Inc. NY bought a new position in Bojangles in the fourth quarter worth approximately $3,221,000. Dimensional Fund Advisors LP raised its position in Bojangles by 60.1% in the third quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock worth $6,846,000 after acquiring an additional 190,369 shares during the period. Finally, Vanguard Group Inc. raised its position in Bojangles by 9.5% in the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock worth $22,145,000 after acquiring an additional 118,281 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.

Shares of Bojangles (NASDAQ BOJA) traded up $0.05 during trading on Wednesday, reaching $12.25. 360,204 shares of the company were exchanged, compared to its average volume of 431,710. The company has a market capitalization of $452.24 and a P/E ratio of 14.24. Bojangles has a 12 month low of $11.45 and a 12 month high of $22.35. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66.

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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.

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