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Bojangles’, Inc. (NASDAQ:BOJA) - Research analysts at William Blair decreased their Q4 2017 earnings estimates for Bojangles’ in a research note issued on Thursday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will earn $0.22 per share for the quarter, down from their previous forecast of $0.28. William Blair currently has a “Market Perform” rating on the stock.
A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Bojangles’ from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target (down from $20.00) on shares of Bojangles’ in a research report on Sunday. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target on shares of Bojangles’ in a research report on Sunday. Piper Jaffray Companies restated a “hold” rating and set a $18.00 price target on shares of Bojangles’ in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Bojangles’ presently has a consensus rating of “Hold” and an average target price of $19.44.
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Shares of Bojangles’ (NASDAQ:BOJA) traded down 0.1559% on Monday, reaching $13.1295. 224,331 shares of the company’s stock traded hands. Bojangles’ has a 52 week low of $12.85 and a 52 week high of $22.35. The firm has a market capitalization of $485.78 million, a price-to-earnings ratio of 13.9824 and a beta of 1.99. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $18.56.
Bojangles’ (NASDAQ:BOJA) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.61 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Bojangles’ by 21.5% in the first quarter. Swiss National Bank now owns 27,100 shares of the restaurant operator’s stock worth $556,000 after buying an additional 4,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Bojangles’ by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 109,736 shares of the restaurant operator’s stock worth $2,249,000 after buying an additional 12,389 shares during the last quarter. US Bancorp DE increased its stake in 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. Wells Fargo & Company MN increased its stake in Bojangles’ by 5.0% in the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock worth $1,143,000 after buying an additional 2,657 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Bojangles’ during the first quarter worth approximately $730,000. Institutional investors and hedge funds own 93.59% of the company’s stock.
In related news, VP M John Jordan sold 56,289 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $17.84, for a total value of $1,004,195.76. Following the sale, the vice president now directly owns 56,289 shares in the company, valued at approximately $1,004,195.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $15.47, for a total transaction of $386,750.00. Following the completion of the sale, the director now owns 71,332 shares in the company, valued at $1,103,506.04. The disclosure for this sale can be found here. Insiders sold a total of 156,289 shares of company stock worth $2,654,446 over the last quarter. Insiders own 55.30% of the company’s stock.
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.
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