Bojangles’, Inc. (BOJA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Bojangles’, Inc. (NASDAQ:BOJA) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.50.
A number of research analysts have recently commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Bojangles’ in a research note on Sunday, July 30th. Zacks Investment Research raised Bojangles’ from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. TheStreet cut Bojangles’ from a “b-” rating to a “c” rating in a research note on Friday, June 2nd. Finally, William Blair cut Bojangles’ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 28th.
In related news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 55.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in BOJA. Victory Capital Management Inc. boosted its holdings in shares of Bojangles’ by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after purchasing an additional 1,139 shares during the period. American International Group Inc. boosted its holdings 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 valued at $124,000 after purchasing an additional 392 shares during the period. IFP Advisors Inc purchased a new stake in shares of Bojangles’ in the second quarter valued at approximately $143,000. Nationwide Fund Advisors boosted its holdings in shares of Bojangles’ by 65.3% in the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 3,852 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Bojangles’ in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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Bojangles’ (NASDAQ:BOJA) traded up 0.76% during midday trading on Wednesday, reaching $13.30. The company’s stock had a trading volume of 466,639 shares. The firm has a market cap of $492.09 million, a price-to-earnings ratio of 14.16 and a beta of 1.97. The company’s 50-day moving average is $13.15 and its 200 day moving average is $18.69. Bojangles’ has a 12-month low of $13.05 and a 12-month high of $21.85.
Bojangles’ (NASDAQ:BOJA) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.61 million. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities analysts forecast that Bojangles’ will post $0.82 earnings per share for the current year.
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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