Bojangles Inc (NASDAQ:BOJA) – Analysts at Piper Jaffray Companies boosted their FY2018 EPS estimates for Bojangles in a report released on Thursday, November 8th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings of $0.73 per share for the year, up from their previous estimate of $0.66. Piper Jaffray Companies also issued estimates for Bojangles’ Q4 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.73 EPS.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings data on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $136.29 million. Bojangles had a net margin of 9.42% and a return on equity of 9.95%.

A number of other brokerages have also recently issued reports on BOJA. Zacks Investment Research cut shares of Bojangles from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. SunTrust Banks cut shares of Bojangles from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 9th. BidaskClub raised shares of Bojangles from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. KeyCorp started coverage on shares of Bojangles in a research note on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. Finally, ValuEngine upgraded shares of Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bojangles has a consensus rating of “Hold” and a consensus price target of $14.60.

Shares of NASDAQ:BOJA opened at $16.05 on Monday. The company has a market capitalization of $603.78 million, a P/E ratio of 19.34, a PEG ratio of 1.87 and a beta of 1.16. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. Bojangles has a 1 year low of $11.35 and a 1 year high of $17.10.

A number of institutional investors have recently modified their holdings of BOJA. Harvest Management LLC acquired a new stake in Bojangles in the third quarter valued at approximately $157,000. California Public Employees Retirement System acquired a new stake in Bojangles in the second quarter valued at approximately $173,000. Stone Ridge Asset Management LLC acquired a new stake in Bojangles in the third quarter valued at approximately $182,000. First Trust Advisors LP acquired a new stake in Bojangles in the second quarter valued at approximately $184,000. Finally, Rhumbline Advisers boosted its position in Bojangles by 27.4% in the second quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 3,675 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Bojangles

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 July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.

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Earnings History and Estimates for Bojangles (NASDAQ:BOJA)

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