Analysts Expect Bojangles Inc (BOJA) Will Post Quarterly Sales of $146.53 Million

Wall Street analysts expect that Bojangles Inc (NASDAQ:BOJA) will report sales of $146.53 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Bojangles’ earnings, with the lowest sales estimate coming in at $145.24 million and the highest estimate coming in at $147.24 million. Bojangles posted sales of $139.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, March 6th.

On average, analysts expect that Bojangles will report full year sales of $146.53 million for the current fiscal year, with estimates ranging from $544.54 million to $546.64 million. For the next year, analysts anticipate that the company will post sales of $546.93 million per share, with estimates ranging from $537.20 million to $559.53 million. Zacks’ sales averages are an average based on a survey of research firms that cover Bojangles.

Bojangles (NASDAQ:BOJA) last issued its earnings results 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. The business had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $133.88 million. Bojangles had a return on equity of 11.97% and a net margin of 5.21%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS.

BOJA has been the topic of a number of recent research reports. SunTrust Banks restated a “buy” rating and issued a $17.00 target price on shares of Bojangles in a report on Friday, November 3rd. Zacks Investment Research raised Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Royal Bank of Canada decreased their target price on Bojangles from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub raised Bojangles from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, ValuEngine cut Bojangles from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Bojangles currently has an average rating of “Hold” and a consensus target price of $16.75.

Bojangles (NASDAQ:BOJA) opened at $12.10 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $452.24, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.45 and a beta of 1.97. Bojangles has a 1-year low of $11.45 and a 1-year high of $22.35.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOJA. Amica Retiree Medical Trust acquired a new stake in Bojangles during the third quarter valued at $119,000. Engineers Gate Manager LP acquired a new stake in Bojangles during the fourth quarter valued at $153,000. Nationwide Fund Advisors boosted its position in Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 3,852 shares during the last quarter. Alliancebernstein L.P. boosted its position in Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Bojangles during the third quarter valued at $223,000. 90.37% of the stock is owned by hedge funds and other institutional investors.

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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.

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