Bojangles’, Inc. (NASDAQ:BOJA) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings estimates for shares of Bojangles’ in a research report issued to clients and investors on Friday. Jefferies Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.22. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Bojangles”s Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.81 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.87 EPS.
Other equities analysts have also issued reports about the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Bojangles’ in a research note on Friday, July 14th. TheStreet lowered Bojangles’ from a “b-” rating to a “c” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Bojangles’ from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. William Blair lowered Bojangles’ from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective (down from $20.00) on shares of Bojangles’ in a research note on Sunday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Bojangles’ presently has a consensus rating of “Buy” and a consensus price target of $19.44.
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Shares of Bojangles’ (NASDAQ:BOJA) opened at 13.30 on Monday. The stock has a 50 day moving average price of $15.98 and a 200-day moving average price of $18.61. The company has a market capitalization of $492.09 million, a PE ratio of 14.16 and a beta of 2.08. Bojangles’ has a 52 week low of $12.93 and a 52 week high of $22.35.
Bojangles’ (NASDAQ:BOJA) last announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.61 million. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. Bojangles”s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS.
A number of large investors have recently modified their holdings of BOJA. American International Group Inc. increased its stake in shares of Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after buying an additional 392 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Bojangles’ by 43.6% in the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,961 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Bojangles’ during the second quarter worth $143,000. Alliancebernstein L.P. acquired a new stake in shares of Bojangles’ during the first quarter worth $215,000. Finally, US Bancorp DE increased its stake in shares of Bojangles’ by 35.7% in the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock worth $278,000 after buying an additional 3,574 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.
In other Bojangles’ news, VP M John Jordan sold 56,289 shares of Bojangles’ stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $17.84, for a total value of $1,004,195.76. Following the completion of the sale, the vice president now directly owns 56,289 shares in the company, valued at $1,004,195.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William A. Kussell sold 25,000 shares of Bojangles’ stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $16.85, for a total value of $421,250.00. Following the completion of the sale, the insider now owns 43,410 shares of the company’s stock, valued at $731,458.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,289 shares of company stock valued at $2,654,446. 55.30% of the stock is currently owned by corporate insiders.
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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