Analysts forecast that Bojangles’, Inc. (NASDAQ:BOJA) will report sales of $133.97 million for the current quarter, according to Zacks. Four analysts have provided estimates for Bojangles”s earnings, with estimates ranging from $133.25 million to $134.80 million. Bojangles’ posted sales of $133.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The business is scheduled to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Bojangles’ will report full-year sales of $133.97 million for the current fiscal year, with estimates ranging from $549.31 million to $552.55 million. For the next financial year, analysts expect that the business will report sales of $571.45 million per share, with estimates ranging from $567.25 million to $575.86 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Bojangles’.
Bojangles’ (NASDAQ:BOJA) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.61 million. During the same period in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 2.1% compared to the same quarter last year.
Several research analysts have recently weighed in on BOJA shares. William Blair cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a report on Friday, July 28th. BidaskClub cut shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a report on Friday, July 14th. Zacks Investment Research cut shares of Bojangles’ from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Bojangles’ in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Bojangles’ currently has a consensus rating of “Hold” and a consensus price target of $19.44.
Bojangles’ (BOJA) opened at 13.10 on Friday. The stock’s 50 day moving average is $13.68 and its 200-day moving average is $17.30. Bojangles’ has a 52-week low of $12.85 and a 52-week high of $22.35. The company has a market capitalization of $484.69 million, a P/E ratio of 13.95 and a beta of 1.97.
In other Bojangles’ news, 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 transaction of $421,250.00. Following the completion of the sale, the insider now directly owns 43,410 shares of the company’s stock, valued at $731,458.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 75,000 shares of company stock valued at $1,218,250. 55.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of Bojangles’ by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after purchasing an additional 1,139 shares during the period. American International Group Inc. boosted its position in shares of Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 392 shares during the period. IFP Advisors Inc bought a new position in shares of Bojangles’ in the second quarter worth approximately $143,000. Nationwide Fund Advisors boosted its position in shares of Bojangles’ by 65.3% in the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Bojangles’ in the second quarter worth approximately $205,000. Institutional investors and hedge funds own 91.26% of the company’s stock.
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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