Bojangles Inc (BOJA) Expected to Announce Earnings of $0.18 Per Share

Equities analysts expect Bojangles Inc (NASDAQ:BOJA) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Bojangles’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Bojangles posted earnings per share of $0.28 during the same quarter last year, which would indicate a negative year-over-year growth rate of 35.7%. The business is expected to announce its next earnings results after the market closes on Tuesday, March 6th.

According to Zacks, analysts expect that Bojangles will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.79. For the next financial year, analysts forecast that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.59 to $0.98. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Bojangles.

A number of research analysts have recently commented on BOJA shares. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of Bojangles in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group lowered shares of Bojangles from a “buy” rating to a “hold” rating and cut their price objective for the company from $16.00 to $13.00 in a research report on Friday, December 22nd. ValuEngine raised shares of Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Royal Bank of Canada cut their price objective on shares of Bojangles from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.75.

Shares of Bojangles (BOJA) traded down $0.25 on Friday, hitting $12.10. 287,637 shares of the stock were exchanged, compared to its average volume of 421,463. The firm has a market capitalization of $439.46 and a price-to-earnings ratio of 14.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a 1-year low of $11.35 and a 1-year high of $22.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of BOJA. Amica Retiree Medical Trust bought a new stake in Bojangles in the third quarter valued at about $119,000. Investors Research Corp bought a new stake in Bojangles in the fourth quarter valued at about $145,000. Engineers Gate Manager LP bought a new stake in Bojangles in the fourth quarter valued at about $153,000. Nationwide Fund Advisors increased its stake in Bojangles by 65.3% in the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 3,852 shares during the period. Finally, PEAK6 Investments L.P. bought a new stake in Bojangles in the fourth quarter valued at about $198,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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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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