Brokerages expect that Bojangles Inc (NASDAQ:BOJA) will post $146.71 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Bojangles’ earnings. The highest sales estimate is $147.50 million and the lowest is $145.24 million. Bojangles posted sales of $139.43 million during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The company is expected to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Bojangles will report full-year sales of $146.71 million for the current fiscal year, with estimates ranging from $544.54 million to $551.50 million. For the next year, analysts anticipate that the firm will report sales of $554.41 million per share, with estimates ranging from $546.10 million to $563.73 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Bojangles.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The firm had revenue of $133.40 million during the quarter, compared to the consensus estimate of $133.88 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year.

Several brokerages recently issued reports on BOJA. Stifel Nicolaus began coverage on Bojangles in a report on Monday, October 2nd. They issued a “hold” rating and a $16.00 price target for the company. Royal Bank of Canada lowered their price target on Bojangles from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Cowen downgraded Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $17.00 price target on shares of Bojangles in a report on Friday, November 3rd. Finally, TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.38.

Shares of Bojangles (BOJA) opened at $12.75 on Wednesday. Bojangles has a twelve month low of $11.60 and a twelve month high of $22.35. The stock has a market capitalization of $470.78, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.45 and a beta of 1.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56.

A number of large investors have recently bought and sold shares of BOJA. Alliancebernstein L.P. purchased a new position in Bojangles in the 1st quarter valued at about $215,000. TIAA CREF Investment Management LLC boosted its position in Bojangles by 16.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 63,406 shares of the restaurant operator’s stock valued at $1,300,000 after buying an additional 8,854 shares during the last quarter. Vanguard Group Inc. boosted its position in Bojangles by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 1,244,522 shares of the restaurant operator’s stock valued at $25,513,000 after buying an additional 68,523 shares during the last quarter. Geode Capital Management LLC boosted its position in Bojangles by 6.1% in the 1st quarter. Geode Capital Management LLC now owns 129,707 shares of the restaurant operator’s stock valued at $2,658,000 after buying an additional 7,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Bojangles by 364.3% in the 1st 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. 89.66% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Bojangles (NASDAQ:BOJA)

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