$0.18 EPS Expected for Bojangles’ Famous Chicken ‘n Biscuits (BOJA) This Quarter

Brokerages expect Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) to announce earnings of $0.18 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Bojangles’ Famous Chicken ‘n Biscuits’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Bojangles’ Famous Chicken ‘n Biscuits reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year over year growth rate of 21.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 26th.

On average, analysts expect that Bojangles’ Famous Chicken ‘n Biscuits will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.77. For the next year, analysts anticipate that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.69 to $0.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Bojangles’ Famous Chicken ‘n Biscuits.

Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) last posted its quarterly earnings data on Tuesday, May 8th. The restaurant operator reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Bojangles’ Famous Chicken ‘n Biscuits had a net margin of 12.48% and a return on equity of 11.97%. The company had revenue of $137.49 million during the quarter, compared to the consensus estimate of $134.53 million. During the same period in the prior year, the business posted $0.20 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “c+” rating to a “b-” rating in a research note on Thursday, April 26th. BidaskClub upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. CL King downgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Finally, Barclays increased their price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 7th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.14.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Bojangles’ Famous Chicken ‘n Biscuits by 3.9% in the 4th quarter. BlackRock Inc. now owns 1,103,664 shares of the restaurant operator’s stock valued at $13,023,000 after purchasing an additional 41,583 shares during the last quarter. Advisory Research Inc. acquired a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the 4th quarter valued at about $11,842,000. Dimensional Fund Advisors LP lifted its stake in Bojangles’ Famous Chicken ‘n Biscuits by 60.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after purchasing an additional 190,369 shares during the last quarter. Price Michael F acquired a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the 4th quarter valued at about $5,546,000. Finally, Two Sigma Investments LP lifted its stake in Bojangles’ Famous Chicken ‘n Biscuits by 992.1% in the 4th quarter. Two Sigma Investments LP now owns 273,016 shares of the restaurant operator’s stock valued at $3,222,000 after purchasing an additional 248,016 shares during the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

Shares of Bojangles’ Famous Chicken ‘n Biscuits stock traded down $0.20 during trading hours on Monday, reaching $15.40. 197,565 shares of the company’s stock were exchanged, compared to its average volume of 293,667. Bojangles’ Famous Chicken ‘n Biscuits has a fifty-two week low of $11.35 and a fifty-two week high of $17.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.57. The company has a market cap of $572.10 million, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.68 and a beta of 1.47.

Bojangles’ Famous Chicken ‘n Biscuits Company Profile

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 December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.

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Earnings History and Estimates for Bojangles` Famous Chicken `n Biscuits (NASDAQ:BOJA)

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