Wall Street brokerages expect Bojangles Inc (NASDAQ:BOJA) to post earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Bojangles’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Bojangles posted earnings per share of $0.28 in the same quarter last year, which would suggest a negative year-over-year growth rate of 35.7%. The company is expected to report its next earnings results on Tuesday, March 6th.

On average, analysts expect that Bojangles will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.79. For the next year, analysts forecast that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.54 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Bojangles.

Bojangles (NASDAQ:BOJA) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The business had revenue of $133.40 million during the quarter, compared to analyst estimates of $133.88 million. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year.

BOJA has been the subject of several recent research reports. Barclays reduced their price target on shares of Bojangles from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Stephens lowered shares of Bojangles from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Jefferies Group lowered shares of Bojangles from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $13.00 in a report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and issued a $21.00 price target on shares of Bojangles in a report on Thursday, October 12th. Finally, TheStreet lowered shares of Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Bojangles presently has an average rating of “Hold” and a consensus price target of $16.75.

Several institutional investors have recently modified their holdings of BOJA. Amica Retiree Medical Trust purchased a new position in shares of Bojangles in the 3rd quarter worth approximately $119,000. Nationwide Fund Advisors grew its position in shares of Bojangles by 65.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after buying an additional 3,852 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Bojangles by 30.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock worth $223,000 after buying an additional 3,200 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Bojangles in the 3rd quarter worth approximately $223,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Bojangles by 59.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,131 shares of the restaurant operator’s stock worth $246,000 after buying an additional 5,617 shares during the last quarter. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

Bojangles (BOJA) traded up $0.05 during trading hours on Wednesday, hitting $12.25. 360,204 shares of the stock traded hands, compared to its average volume of 431,710. Bojangles has a twelve month low of $11.45 and a twelve month 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 company has a market cap of $452.24 and a price-to-earnings ratio of 14.24.

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About Bojangles

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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