William Blair Research Analysts Cut Earnings Estimates for Bojangles Inc (BOJA)

Bojangles Inc (NASDAQ:BOJA) – Equities researchers at William Blair reduced their Q1 2018 earnings per share estimates for shares of Bojangles in a note issued to investors on Wednesday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.18. William Blair also issued estimates for Bojangles’ Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.65 EPS and FY2019 earnings at $0.75 EPS.

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Bojangles (NASDAQ:BOJA) last issued its quarterly earnings data on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Bojangles had a return on equity of 13.99% and a net margin of 13.15%. The business had revenue of $148.10 million for the quarter, compared to the consensus estimate of $146.76 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. SunTrust Banks restated a “buy” rating and set a $19.00 price objective on shares of Bojangles in a research report on Wednesday, January 3rd. ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. BidaskClub upgraded Bojangles from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet upgraded Bojangles from a “d+” rating to a “c-” rating in a research report on Monday, February 26th. Finally, Barclays upped their price objective on Bojangles from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.71.

Shares of Bojangles (NASDAQ BOJA) opened at $14.85 on Thursday. Bojangles has a 52-week low of $11.35 and a 52-week high of $22.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The stock has a market capitalization of $524.23, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.63.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new position in shares of Bojangles during the third quarter valued at approximately $119,000. Investors Research Corp bought a new position in shares of Bojangles during the fourth quarter valued at approximately $145,000. Engineers Gate Manager LP bought a new position in shares of Bojangles during the fourth quarter valued at approximately $153,000. Nationwide Fund Advisors grew its stake in shares of Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 3,852 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Bojangles during the fourth quarter valued at approximately $198,000. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Bojangles (NASDAQ:BOJA)

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