Equities research analysts expect that Bojangles Inc (NASDAQ:BOJA) will report $140.38 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Bojangles’ earnings. The lowest sales estimate is $139.80 million and the highest is $141.18 million. Bojangles reported sales of $134.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Bojangles will report full-year sales of $559.84 million for the current fiscal year, with estimates ranging from $556.30 million to $565.56 million. For the next financial year, analysts anticipate that the firm will report sales of $567.92 million per share, with estimates ranging from $557.88 million to $588.57 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Bojangles.
Get Bojangles alerts:
Bojangles (NASDAQ:BOJA) last announced its earnings results on Tuesday, May 8th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $137.49 million during the quarter, compared to the consensus estimate of $134.53 million. Bojangles had a net margin of 12.48% and a return on equity of 11.97%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share.
Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Bojangles from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 7th. CL King downgraded shares of Bojangles from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Bojangles from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. BidaskClub downgraded shares of Bojangles from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Finally, ValuEngine downgraded shares of Bojangles from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Bojangles currently has a consensus rating of “Hold” and an average price target of $16.13.
Shares of Bojangles traded up $0.60, hitting $15.10, on Tuesday, Marketbeat reports. The stock had a trading volume of 8,202 shares, compared to its average volume of 193,999. The company has a market capitalization of $529.93 million, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.49. Bojangles has a 52-week low of $11.35 and a 52-week high of $16.70.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp acquired a new stake in Bojangles in the fourth quarter valued at $145,000. Yorktown Management & Research Co Inc acquired a new stake in Bojangles in the fourth quarter valued at $289,000. Price Michael F acquired a new stake in Bojangles in the fourth quarter valued at $5,546,000. PEAK6 Investments L.P. acquired a new stake in Bojangles in the fourth quarter valued at $198,000. Finally, BlackRock Inc. raised its holdings in Bojangles by 3.9% in the fourth quarter. BlackRock Inc. now owns 1,103,664 shares of the restaurant operator’s stock valued at $13,023,000 after acquiring an additional 41,583 shares in the last quarter. 92.98% of the stock is currently owned by hedge funds and other institutional investors.
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 December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.
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