Bojangles’, Inc. (NASDAQ:BOJA) – Investment analysts at Jefferies Group decreased their FY2017 EPS estimates for Bojangles’ in a research note issued to investors on Wednesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will earn $0.78 per share for the year, down from their prior estimate of $0.81. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Bojangles”s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.72 EPS.

A number of other equities research analysts have also recently issued reports on the stock. SunTrust Banks, Inc. restated a “buy” rating and set a $17.00 price target on shares of Bojangles’ in a report on Friday. Royal Bank Of Canada cut their price objective on shares of Bojangles’ from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday. Cowen and Company lowered shares of Bojangles’ from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Friday, October 20th. Barclays PLC cut their price objective on shares of Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Finally, TheStreet lowered shares of Bojangles’ from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.38.

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Shares of Bojangles’ (NASDAQ:BOJA) opened at $12.70 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market cap of $470.78, a PE ratio of 14.43, a PEG ratio of 1.45 and a beta of 1.91.

Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. Bojangles’ had a net margin of 6.13% and a return on equity of 15.11%. The firm had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $133.88 million. During the same period in the prior year, the company posted $0.25 earnings per share. Bojangles”s revenue for the quarter was up .2% on a year-over-year basis.

Bojangles’ declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 1st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of BOJA. Credit Suisse AG grew its stake in shares of Bojangles’ by 99.8% during the first quarter. Credit Suisse AG now owns 29,667 shares of the restaurant operator’s stock valued at $608,000 after purchasing an additional 14,819 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Bojangles’ by 85.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 60,161 shares of the restaurant operator’s stock valued at $1,234,000 after purchasing an additional 27,727 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bojangles’ by 364.3% during the first quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock valued at $5,302,000 after purchasing an additional 202,933 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Bojangles’ by 11.7% during the second quarter. Tributary Capital Management LLC now owns 873,850 shares of the restaurant operator’s stock valued at $14,200,000 after purchasing an additional 91,818 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Bojangles’ by 191.7% during the second quarter. Citadel Advisors LLC now owns 70,264 shares of the restaurant operator’s stock valued at $1,142,000 after purchasing an additional 46,174 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

About Bojangles’

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.

Earnings History and Estimates for Bojangles` (NASDAQ:BOJA)

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