Bojangles Inc (BOJA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Bojangles Inc (BOJA) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.23. The company posted revenue of $131.60 million in the period, compared to analysts expectations of $132.53 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Bojangles Inc opened for trading at $17.41 and hit $17.75 on the upside on Friday, eventually ending the session at $17.63, with a gain of 1.61% or 0.28 points. The heightened volatility saw the trading volume jump to 3,06,605 shares. Company has a market cap of $637 M.

In a different news, on Jul 27, 2016, Eric Mcgrew Newman (Exec. VP, Secy & Gnl Csl.) sold 875 shares at $18.20 per share price. According to the SEC, on Jun 7, 2016, Kenneth E Avery (Sr. Vice President & COO) sold 10,000 shares at $18.00 per share price. On May 26, 2016, M John Jordan (Sr. VP of Finance & CFO) sold 19,519 shares at $17.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Bojangles’ Inc. (Bojangles’) is a restaurant operator and franchisor. The Company is engaged in serving customers with food made from its Southern recipes. The Company’s restaurants offer biscuits bone-in fried chicken fixin’s and Legendary Iced Tea. It offers Southern-inspired items to a customer demographic across five day parts: breakfast lunch snack dinner and after dinner. It offers hand-breaded bone-in chicken Chicken Supremes Homestyle Chicken Tenders sandwiches and wraps as well as fixin’s including its Seasoned Fries Bo-Tato Rounds Cajun Pintos and Dirty Rice. The Company’s Bo-Smart menu features items such as salads grilled chicken sandwiches roasted chicken bites and fat-free green beans. In addition to its individual menu items the Company offers combos and family meals for parties as well as its Big Bo Box for tailgating events. Bojangles’ offers biscuit sandwiches including its smoked sausage biscuit grilled pork chop biscuit and Cheddar-Bo.

Bojangles Inc

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