Zacks: Brokerages Expect Bojangles’, Inc. (BOJA) Will Announce Earnings of $0.22 Per Share
Analysts expect Bojangles’, Inc. (NASDAQ:BOJA) to post earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bojangles”s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.24. Bojangles’ reported earnings of $0.27 per share during the same quarter last year, which indicates a negative year over year growth rate of 18.5%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Bojangles’ will report full year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.98. For the next fiscal year, analysts anticipate that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.96 to $1.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Bojangles’.
Bojangles’ (NASDAQ:BOJA) last released its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Bojangles’ had a return on equity of 18.44% and a net margin of 7.00%. The firm had revenue of $131.50 million for the quarter, compared to analyst estimates of $132.83 million.
Several research analysts have recently commented on BOJA shares. Zacks Investment Research upgraded Bojangles’ from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. TheStreet upgraded Bojangles’ from a “c” rating to a “b-” rating in a report on Monday, May 8th. Cowen and Company initiated coverage on Bojangles’ in a research note on Tuesday, March 14th. They issued an “outperform” rating and a $23.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 target price on shares of Bojangles’ in a research note on Wednesday, April 12th. Finally, BidaskClub cut Bojangles’ from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.00.
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Bojangles’ (NASDAQ:BOJA) traded up 0.96% during midday trading on Tuesday, hitting $15.75. The company’s stock had a trading volume of 151,498 shares. The company has a market cap of $576.39 million, a PE ratio of 15.93 and a beta of 2.08. Bojangles’ has a 52-week low of $14.55 and a 52-week high of $22.35. The stock has a 50 day moving average of $17.02 and a 200 day moving average of $19.18.
In related news, Director James R. Kibler sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $16.41, for a total value of $410,250.00. Following the sale, the director now directly owns 71,332 shares of the company’s stock, valued at $1,170,558.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP M John Jordan sold 56,289 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $17.84, for a total value of $1,004,195.76. Following the completion of the sale, the vice president now directly owns 56,289 shares in the company, valued at $1,004,195.76. The disclosure for this sale can be found here. Insiders sold 131,289 shares of company stock worth $2,267,696 over the last three months. 55.30% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Bojangles’ by 179.2% in the first quarter. FMR LLC now owns 2,702,392 shares of the restaurant operator’s stock valued at $55,398,000 after buying an additional 1,734,355 shares during the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of Bojangles’ during the first quarter valued at approximately $15,723,000. Renaissance Technologies LLC boosted its stake in shares of Bojangles’ by 569.0% in the fourth quarter. Renaissance Technologies LLC now owns 273,625 shares of the restaurant operator’s stock valued at $5,103,000 after buying an additional 232,725 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Bojangles’ during the first quarter valued at approximately $4,455,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bojangles’ by 364.3% in the first quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock valued at $5,302,000 after buying an additional 202,933 shares during the last quarter. 93.71% of the stock is currently owned by institutional investors.
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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