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.
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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.
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