Q3 2016 EPS Estimates for Bojangles Inc. Lowered by Analyst (BOJA)
Bojangles Inc. (NASDAQ:BOJA) – Stock analysts at William Blair reduced their Q3 2016 EPS estimates for Bojangles in a research report issued on Tuesday. William Blair analyst S. Zackfia now anticipates that the firm will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.21. William Blair also issued estimates for Bojangles’ FY2016 earnings at $0.89 EPS and FY2017 earnings at $0.97 EPS.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Bojangles from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. KeyCorp lowered their target price on Bojangles from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, September 26th. Craig Hallum assumed coverage on Bojangles in a research note on Tuesday, September 20th. They set a “strong-buy” rating for the company. CL King assumed coverage on Bojangles in a research note on Monday, September 19th. They set a “strong-buy” rating and a $21.00 target price for the company. Finally, Jefferies Group restated a “buy” rating and set a $21.00 price target (down from $22.00) on shares of Bojangles in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.18.
Shares of Bojangles (NASDAQ:BOJA) traded up 0.31% during mid-day trading on Wednesday, hitting $16.10. 16,697 shares of the company were exchanged. The company has a market capitalization of $585.01 million, a price-to-earnings ratio of 17.31 and a beta of 1.80. The firm has a 50 day moving average of $15.92 and a 200 day moving average of $16.99. Bojangles has a 12-month low of $13.39 and a 12-month high of $19.75.
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Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $132.77 million. Bojangles had a net margin of 6.76% and a return on equity of 20.17%. Bojangles’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS.
In other Bojangles news, insider Kenneth E. Avery sold 4,521 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $18.50, for a total value of $83,638.50. Following the transaction, the insider now directly owns 4,521 shares of the company’s stock, valued at $83,638.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William A. Kussell sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $16.73, for a total value of $418,250.00. Following the completion of the transaction, the director now directly owns 140,896 shares in the company, valued at $2,357,190.08. The disclosure for this sale can be found here. 74.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of BOJA. Frontier Capital Management Co. LLC acquired a new position in shares of Bojangles during the second quarter valued at about $9,110,000. Emerald Acquisition Ltd. acquired a new position in shares of Bojangles during the second quarter valued at about $3,082,000. American Century Companies Inc. acquired a new position in shares of Bojangles during the second quarter valued at about $1,684,000. Oxford Asset Management raised its position in shares of Bojangles by 104.5% in the second quarter. Oxford Asset Management now owns 161,175 shares of the company’s stock valued at $2,732,000 after buying an additional 82,351 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Bojangles during the first quarter valued at about $1,068,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice.
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