Equities research analysts predict that Bojangles Inc (NASDAQ:BOJA) will report $0.18 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Bojangles’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.17. Bojangles posted earnings of $0.23 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 21.7%. The company is expected to announce its next earnings report on Thursday, July 26th.
On average, analysts expect that Bojangles will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.66 to $0.78. For the next financial year, analysts forecast that the company will report earnings of $0.77 per share, with EPS estimates ranging from $0.73 to $0.90. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Bojangles.
Bojangles (NASDAQ:BOJA) last released its quarterly earnings data on Tuesday, May 8th. The restaurant operator reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $137.49 million for the quarter, compared to analyst estimates of $134.53 million. Bojangles had a return on equity of 11.97% and a net margin of 12.48%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share.
Several analysts have recently weighed in on BOJA shares. BidaskClub downgraded Bojangles from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. TheStreet upgraded Bojangles from a “c+” rating to a “b-” rating in a research note on Thursday, April 26th. ValuEngine downgraded Bojangles from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Stifel Nicolaus lowered their target price on Bojangles from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 7th. Finally, Zacks Investment Research downgraded Bojangles from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.13.
Shares of Bojangles traded up $0.65, hitting $15.15, during trading hours on Friday, Marketbeat.com reports. 853,935 shares of the company’s stock traded hands, compared to its average volume of 191,952. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.57. The company has a market capitalization of $531.76 million, a PE ratio of 18.25, a P/E/G ratio of 1.53 and a beta of 1.46. Bojangles has a twelve month low of $11.35 and a twelve month high of $16.70.
A number of large investors have recently bought and sold shares of BOJA. Comerica Bank acquired a new position in Bojangles in the fourth quarter worth about $2,405,000. Wells Fargo & Company MN grew its stake in Bojangles by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 116,388 shares of the restaurant operator’s stock worth $1,373,000 after purchasing an additional 24,047 shares in the last quarter. BlackRock Inc. grew its stake in Bojangles by 3.9% in the fourth quarter. BlackRock Inc. now owns 1,103,664 shares of the restaurant operator’s stock worth $13,023,000 after purchasing an additional 41,583 shares in the last quarter. Price Michael F acquired a new position in Bojangles in the fourth quarter worth about $5,546,000. Finally, Investors Research Corp acquired a new position in Bojangles in the fourth quarter worth about $145,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
Bojangles Company Profile
Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.
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