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.
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.
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.
TRADEMARK VIOLATION NOTICE: “William Blair Research Analysts Cut Earnings Estimates for Bojangles Inc (BOJA)” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2018/03/10/william-blair-research-analysts-cut-earnings-estimates-for-bojangles-inc-boja.html.
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.
Receive News & Ratings for Bojangles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles and related companies with MarketBeat.com's FREE daily email newsletter.