Bojangles’, Inc. (NASDAQ:BOJA) – Analysts at William Blair dropped their FY2017 earnings per share (EPS) estimates for Bojangles’ in a report issued on Wednesday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.77 for the year, down from their previous forecast of $0.81. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Bojangles”s Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $0.68 EPS.
Several other research analysts have also weighed in on the company. Stephens lowered Bojangles’ from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Bojangles’ from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $21.00 target price on shares of Bojangles’ in a research report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 target price on shares of Bojangles’ in a research report on Friday, July 14th. Finally, Barclays PLC cut their target price on Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.38.
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Bojangles’ (NASDAQ:BOJA) opened at $12.70 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $470.78, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.91.
Bojangles’ (NASDAQ:BOJA) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $133.40 million for the quarter, compared to analyst estimates of $133.88 million. Bojangles’ had a return on equity of 15.11% and a net margin of 6.13%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in Bojangles’ by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 25,677 shares of the restaurant operator’s stock valued at $417,000 after purchasing an additional 67 shares in the last quarter. American International Group Inc. increased its holdings in Bojangles’ by 7.0% in the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after purchasing an additional 392 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Bojangles’ by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after purchasing an additional 1,139 shares in the last quarter. TD Asset Management Inc. increased its holdings in Bojangles’ by 12.1% in the 2nd quarter. TD Asset Management Inc. now owns 21,349 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Bojangles’ by 30.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after purchasing an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Bojangles’ announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 1st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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