FY2018 EPS Estimates for Bojangles’, Inc. Cut by Analyst (BOJA)
Bojangles’, Inc. (NASDAQ:BOJA) – Investment analysts at William Blair decreased their FY2018 EPS estimates for Bojangles’ in a research note issued to investors on Thursday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.77 for the year, down from their previous estimate of $0.84. William Blair currently has a “Market Perform” rating on the stock.
Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The firm had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.61 million. During the same period in the previous year, the business earned $0.27 earnings per share. Bojangles”s revenue for the quarter was up 2.1% compared to the same quarter last year.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of Bojangles’ in a research note on Sunday, July 30th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $21.00 target price on shares of Bojangles’ in a research note on Thursday, October 12th. TheStreet lowered Bojangles’ from a “c-” rating to a “d+” rating in a research note on Friday, October 13th. Barclays PLC cut their target price on Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Stephens lowered Bojangles’ from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.13.
Shares of Bojangles’ (BOJA) opened at 12.30 on Monday. Bojangles’ has a 12 month low of $11.85 and a 12 month high of $22.35. The firm has a 50-day moving average of $13.21 and a 200 day moving average of $13.21. The company has a market capitalization of $455.09 million, a PE ratio of 13.10 and a beta of 1.97.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in shares of Bojangles’ by 7.0% during the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 392 shares during the period. Victory Capital Management Inc. raised its position in shares of Bojangles’ by 43.6% during the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 1,961 shares during the period. IFP Advisors Inc acquired a new stake in shares of Bojangles’ during the second quarter worth about $143,000. Nationwide Fund Advisors raised its position in shares of Bojangles’ by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in shares of Bojangles’ during the first quarter worth about $215,000. 91.26% of the stock is currently owned by institutional investors.
In other news, Director James R. Kibler sold 25,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $15.47, for a total transaction of $386,750.00. Following the sale, the director now owns 71,332 shares of the company’s stock, valued at $1,103,506.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 55.30% of the company’s stock.
Bojangles’ Company Profile
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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