Bojangles’, Inc. (BOJA) Expected to Post Earnings of $0.18 Per Share
Equities analysts forecast that Bojangles’, Inc. (NASDAQ:BOJA) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bojangles”s earnings, with estimates ranging from $0.16 to $0.19. Bojangles’ posted earnings of $0.25 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 28%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Bojangles’ will report full year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.81 to $0.84. For the next fiscal year, analysts anticipate that the company will report earnings of $0.87 per share, with EPS estimates ranging from $0.81 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Bojangles’.
Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.61 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year.
BOJA has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Bojangles’ in a research note on Sunday, July 30th. TheStreet downgraded shares of Bojangles’ from a “b-” rating to a “c” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Bojangles’ from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Piper Jaffray Companies reissued a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a research report on Friday, July 14th. Finally, William Blair downgraded shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.44.
In other Bojangles’ news, insider William A. Kussell sold 25,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $16.85, for a total transaction of $421,250.00. Following the transaction, the insider now directly owns 43,410 shares of the company’s stock, valued at $731,458.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 75,000 shares of company stock worth $1,218,250 over the last three months. Company insiders own 55.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in BOJA. Teachers Advisors LLC boosted its holdings in Bojangles’ by 105.8% during the fourth quarter. Teachers Advisors LLC now owns 28,434 shares of the restaurant operator’s stock valued at $530,000 after acquiring an additional 14,620 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Bojangles’ during the first quarter valued at about $730,000. Wells Fargo & Company MN boosted its holdings in Bojangles’ by 5.0% during the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock valued at $1,143,000 after acquiring an additional 2,657 shares during the period. US Bancorp DE boosted its holdings in Bojangles’ by 35.7% during the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock valued at $278,000 after acquiring an additional 3,574 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Bojangles’ by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 109,736 shares of the restaurant operator’s stock valued at $2,249,000 after acquiring an additional 12,389 shares during the period. Institutional investors own 91.26% of the company’s stock.
Bojangles’ (NASDAQ BOJA) remained flat at $13.10 during midday trading on Friday. 182,239 shares of the stock were exchanged. Bojangles’ has a 52-week low of $12.85 and a 52-week high of $22.35. The company has a 50 day moving average of $13.68 and a 200-day moving average of $17.30. The stock has a market capitalization of $484.69 million, a price-to-earnings ratio of 13.95 and a beta of 1.97.
TRADEMARK VIOLATION NOTICE: “Bojangles’, Inc. (BOJA) Expected to Post Earnings of $0.18 Per Share” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/08/bojangles-inc-boja-expected-to-post-earnings-of-0-18-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bojangles' Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles' Inc. and related companies with MarketBeat.com's FREE daily email newsletter.