Bojangles Inc (NASDAQ:BOJA) – Analysts at SunTrust Banks raised their Q4 2018 EPS estimates for shares of Bojangles in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $0.25 per share for the quarter, up from their previous forecast of $0.24. SunTrust Banks has a “Buy” rating and a $17.00 price target on the stock. SunTrust Banks also issued estimates for Bojangles’ FY2019 earnings at $0.90 EPS.
Bojangles (NASDAQ:BOJA) last released its quarterly earnings results on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Bojangles had a net margin of 13.15% and a return on equity of 13.99%. The company had revenue of $148.10 million for the quarter, compared to analyst estimates of $146.76 million. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis.
Bojangles (BOJA) opened at $14.85 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Bojangles has a 12-month low of $11.35 and a 12-month high of $22.35. The firm has a market cap of $571.65 and a PE ratio of 17.89.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gotham Asset Management LLC raised its position in shares of Bojangles by 35.5% in the fourth quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 4,464 shares during the period. PEAK6 Investments L.P. bought a new stake in shares of Bojangles in the fourth quarter valued at approximately $198,000. TIAA CREF Investment Management LLC raised its position in shares of Bojangles by 34.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 91,787 shares of the restaurant operator’s stock valued at $1,083,000 after purchasing an additional 23,378 shares during the period. Two Sigma Investments LP raised its position in shares of Bojangles by 992.1% in the fourth 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 period. Finally, Two Sigma Advisers LP raised its position in shares of Bojangles by 18.6% in the fourth quarter. Two Sigma Advisers LP now owns 246,304 shares of the restaurant operator’s stock valued at $2,906,000 after purchasing an additional 38,600 shares during the period. 91.25% of the stock is currently owned by institutional investors.
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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