Analysts expect that Bojangles Inc (NASDAQ:BOJA) will announce $133.03 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Bojangles’ earnings. The highest sales estimate is $139.80 million and the lowest is $129.50 million. Bojangles posted sales of $148.14 million in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The company is expected to issue its next earnings results on Tuesday, March 5th.
According to Zacks, analysts expect that Bojangles will report full-year sales of $549.05 million for the current fiscal year, with estimates ranging from $545.90 million to $556.47 million. For the next fiscal year, analysts expect that the company will report sales of $515.80 million, with estimates ranging from $478.10 million to $554.81 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bojangles.
Bojangles (NASDAQ:BOJA) last posted its quarterly earnings results on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The company had revenue of $138.67 million during the quarter, compared to analyst estimates of $136.29 million. Bojangles had a net margin of 9.42% and a return on equity of 9.95%.
Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Bojangles from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. KeyCorp began coverage on shares of Bojangles in a report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. SunTrust Banks lowered shares of Bojangles from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Friday, November 9th. Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Friday, November 9th. Finally, ValuEngine raised shares of Bojangles from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Bojangles currently has an average rating of “Hold” and an average price target of $15.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. IndexIQ Advisors LLC increased its holdings in Bojangles by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 157,933 shares of the restaurant operator’s stock worth $2,274,000 after acquiring an additional 12,639 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Bojangles by 0.6% during the 3rd quarter. Tributary Capital Management LLC now owns 916,045 shares of the restaurant operator’s stock worth $14,382,000 after purchasing an additional 5,367 shares during the last quarter. Rhumbline Advisers boosted its stake in Bojangles by 27.4% during the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares during the last quarter. Millennium Management LLC boosted its stake in Bojangles by 30.1% during the 2nd quarter. Millennium Management LLC now owns 382,266 shares of the restaurant operator’s stock worth $5,505,000 after purchasing an additional 88,343 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Bojangles by 399.7% during the 2nd quarter. Citadel Advisors LLC now owns 199,284 shares of the restaurant operator’s stock worth $2,870,000 after purchasing an additional 159,406 shares during the last quarter. 90.97% of the stock is owned by institutional investors.
Shares of NASDAQ:BOJA traded up $0.03 during trading on Tuesday, hitting $16.11. 22,974 shares of the stock traded hands, compared to its average volume of 488,776. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $602.66 million, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. Bojangles has a 52-week low of $11.35 and a 52-week high of $17.10.
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 July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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