Bojangles’, Inc. (BOJA) Stock Rating Reaffirmed by SunTrust Banks, Inc.
Bojangles’, Inc. (NASDAQ:BOJA)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a report released on Friday. They presently have a $17.00 price target on the restaurant operator’s stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 33.86% from the stock’s previous close. SunTrust Banks also issued estimates for Bojangles”s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.79 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.81 EPS.
A number of other brokerages have also recently weighed in on BOJA. William Blair cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a report on Friday, July 28th. BidaskClub cut shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Royal Bank Of Canada dropped their price objective on shares of Bojangles’ from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Thursday. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price objective on shares of Bojangles’ in a report on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of Bojangles’ in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Bojangles’ has an average rating of “Hold” and a consensus price target of $17.38.
Shares of Bojangles’ (BOJA) opened at $12.70 on Friday. The firm has a market capitalization of $468.93 million, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56.
Bojangles’ (NASDAQ:BOJA) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $133.88 million. Bojangles’ had a net margin of 6.13% and a return on equity of 15.11%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. equities research analysts forecast that Bojangles’ will post 0.78 EPS for the current year.
Bojangles’ declared that its board has approved a stock repurchase program on Wednesday, November 1st that permits the company to buyback $50.00 million in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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A number of hedge funds and other institutional investors have recently bought and sold shares of BOJA. Victory Capital Management Inc. grew its holdings in Bojangles’ by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after acquiring an additional 1,139 shares in the last quarter. American International Group Inc. grew its holdings in Bojangles’ by 7.0% during the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after acquiring an additional 392 shares in the last quarter. IFP Advisors Inc acquired a new position in Bojangles’ during the 2nd quarter worth approximately $143,000. Nationwide Fund Advisors grew its holdings in Bojangles’ by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 3,852 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Bojangles’ during the 2nd quarter worth approximately $205,000. Institutional investors own 91.37% of the company’s stock.
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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