Bojangles’, Inc. (BOJA) Expected to Announce Earnings of $0.23 Per Share

Analysts expect Bojangles’, Inc. (NASDAQ:BOJA) to report earnings of $0.23 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bojangles”s earnings, with estimates ranging from $0.21 to $0.24. Bojangles’ reported earnings of $0.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 14.8%. The firm is scheduled to report its next earnings report on Monday, August 14th.

According to Zacks, analysts expect that Bojangles’ will report full year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.90 to $1.02. For the next financial year, analysts anticipate that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.96 to $1.12. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Bojangles’.

Bojangles’ (NASDAQ:BOJA) last released its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Bojangles’ had a net margin of 7.00% and a return on equity of 18.44%. The firm had revenue of $131.50 million during the quarter, compared to analyst estimates of $132.83 million.

A number of research firms have recently weighed in on BOJA. Jefferies Group LLC reissued a “buy” rating and set a $23.00 price objective on shares of Bojangles’ in a research note on Wednesday, April 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.00 price objective (down previously from $21.00) on shares of Bojangles’ in a research note on Wednesday, March 8th. Wells Fargo & Co increased their price objective on Bojangles’ from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday, March 8th. Barclays PLC reissued an “equal weight” rating and set a $19.00 price objective (down previously from $20.00) on shares of Bojangles’ in a research note on Wednesday, March 8th. Finally, Zacks Investment Research lowered Bojangles’ from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.00.

In related news, VP M John Jordan sold 56,289 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $17.84, for a total transaction of $1,004,195.76. Following the completion of the transaction, the vice president now owns 56,289 shares in the company, valued at $1,004,195.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William A. Kussell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $16.85, for a total value of $421,250.00. Following the transaction, the insider now owns 43,410 shares of the company’s stock, valued at approximately $731,458.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,289 shares of company stock valued at $1,857,446. 55.30% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Greenhouse Funds LLLP acquired a new position in shares of Bojangles’ during the fourth quarter worth approximately $2,068,000. Ellington Management Group LLC increased its position in shares of Bojangles’ by 0.9% in the fourth quarter. Ellington Management Group LLC now owns 10,800 shares of the restaurant operator’s stock worth $201,000 after buying an additional 100 shares in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Bojangles’ during the fourth quarter worth approximately $755,000. Two Sigma Investments LP acquired a new position in shares of Bojangles’ during the fourth quarter worth approximately $5,856,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Bojangles’ by 16.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,250 shares of the restaurant operator’s stock worth $323,000 after buying an additional 2,494 shares in the last quarter. Institutional investors own 93.71% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thestockobserver.com/2017/06/20/bojangles-inc-boja-expected-to-announce-earnings-of-0-23-per-share.html.

Bojangles’ (NASDAQ BOJA) traded down 0.30% on Thursday, reaching $16.70. 57,527 shares of the company’s stock traded hands. The firm has a market cap of $611.15 million, a PE ratio of 16.89 and a beta of 2.07. The firm’s 50-day moving average is $17.76 and its 200 day moving average is $19.33. Bojangles’ has a 12 month low of $14.55 and a 12 month high of $22.35.

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.

Get a free copy of the Zacks research report on Bojangles’ (BOJA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bojangles' Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles' Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply