Wall Street analysts predict that Bojangles Inc (NASDAQ:BOJA) will report earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Bojangles’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.18. Bojangles posted earnings of $0.23 per share during the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The company is expected to announce its next quarterly earnings results on Tuesday, March 5th.
On average, analysts expect that Bojangles will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.71. For the next financial year, analysts forecast that the business will post earnings of $0.77 per share, with EPS estimates ranging from $0.64 to $0.89. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Bojangles.
Bojangles (NASDAQ:BOJA) last posted its quarterly earnings data on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $136.29 million. Bojangles had a return on equity of 9.91% and a net margin of 11.24%.
Several research firms recently issued reports on BOJA. Zacks Investment Research downgraded Bojangles from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BidaskClub upgraded Bojangles from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. KeyCorp began coverage on Bojangles in a report on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Finally, SunTrust Banks downgraded Bojangles from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.60.
Several hedge funds have recently bought and sold shares of BOJA. Harvest Management LLC purchased a new stake in shares of Bojangles in the 3rd quarter valued at $157,000. California Public Employees Retirement System purchased a new stake in Bojangles during the 2nd quarter worth about $173,000. Stone Ridge Asset Management LLC purchased a new stake in Bojangles during the 3rd quarter worth about $182,000. First Trust Advisors LP purchased a new stake in Bojangles during the 2nd quarter worth about $184,000. Finally, Rhumbline Advisers increased its holdings in Bojangles by 27.4% during the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares during the period. Hedge funds and other institutional investors own 90.99% of the company’s stock.
Shares of BOJA stock remained flat at $$16.08 on Friday. The company had a trading volume of 521,764 shares, compared to its average volume of 334,978. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market cap of $593.73 million, a P/E ratio of 19.37, a PEG ratio of 1.89 and a beta of 1.16. Bojangles has a 52-week low of $11.35 and a 52-week high of $17.10.
Bojangles Company Profile
Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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