Bojangles (BOJA) Downgraded by ValuEngine to “Hold”

Bojangles (NASDAQ:BOJA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities analysts have also issued research reports about the stock. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of Bojangles in a research report on Wednesday. Jefferies Group downgraded shares of Bojangles from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.00 in a report on Saturday. Stifel Nicolaus began coverage on shares of Bojangles in a report on Monday, October 2nd. They issued a “hold” rating and a $16.00 price target on the stock. Cowen downgraded shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Friday, October 20th. Finally, TheStreet downgraded shares of Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.75.

Bojangles (BOJA) traded up $0.95 on Wednesday, reaching $12.95. 653,025 shares of the company’s stock traded hands, compared to its average volume of 365,453. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The firm has a market capitalization of $480.05 and a P/E ratio of 15.06.

Bojangles (NASDAQ:BOJA) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The firm had revenue of $133.40 million during the quarter, compared to analyst estimates of $133.88 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up .2% compared to the same quarter last year. analysts forecast that Bojangles will post 0.78 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. OxFORD Asset Management LLP increased its holdings in Bojangles by 27.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 145,482 shares of the restaurant operator’s stock worth $1,993,000 after buying an additional 31,167 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bojangles by 60.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after acquiring an additional 190,369 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Bojangles by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 76,212 shares of the restaurant operator’s stock valued at $1,029,000 after acquiring an additional 4,195 shares during the period. Wells Fargo & Company MN grew its stake in shares of Bojangles by 23.1% during the 3rd quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock valued at $1,247,000 after acquiring an additional 17,317 shares during the period. Finally, Amica Pension Fund Board of Trustees bought a new position in shares of Bojangles during the 3rd quarter valued at approximately $785,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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About Bojangles

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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