TheStreet Upgrades Bojangles Inc (BOJA) to B-
Bojangles Inc (NASDAQ:BOJA) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Monday.
Several other research analysts have also recently issued reports on BOJA. Zacks Investment Research cut shares of Bojangles from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price (down from $21.00) on shares of Bojangles in a report on Wednesday, March 8th. Wells Fargo & Co lifted their target price on shares of Bojangles from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, March 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $19.00 target price (down from $20.00) on shares of Bojangles in a report on Wednesday, March 8th. Finally, Cowen and Company initiated coverage on shares of Bojangles in a report on Tuesday, March 14th. They issued an “outperform” rating and a $23.00 target price for the company. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.00.
Shares of Bojangles (NASDAQ:BOJA) traded down 0.57% during midday trading on Monday, reaching $17.45. 329,091 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $20.19 and a 200-day moving average of $19.29. Bojangles has a 12-month low of $14.55 and a 12-month high of $22.35. The stock has a market capitalization of $638.60 million, a P/E ratio of 17.64 and a beta of 2.11.
Bojangles (NASDAQ:BOJA) last issued its earnings results on Tuesday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $132.83 million. Bojangles had a net margin of 6.86% and a return on equity of 19.49%. Analysts anticipate that Bojangles will post $0.92 EPS for the current fiscal year.
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In other news, VP M John Jordan sold 56,289 shares of Bojangles 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 74.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in BOJA. American International Group Inc. raised 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 in the last quarter. Victory Capital Management Inc. raised 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 in the last quarter. Ellington Management Group LLC raised its stake in shares of Bojangles by 0.9% in the fourth quarter. Ellington Management Group LLC now owns 10,800 shares of the restaurant operator’s stock worth $201,000 after buying an additional 100 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Bojangles during the first quarter worth approximately $215,000. Finally, US Bancorp DE raised 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 in the last quarter. Hedge funds and other institutional investors own 87.56% 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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