Bojangles Inc (NASDAQ:BOJA) – Research analysts at SunTrust Banks upped their Q1 2018 EPS estimates for shares of Bojangles in a note issued to investors on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $0.24 per share for the quarter, up from their prior forecast of $0.20. SunTrust Banks has a “Buy” rating and a $19.00 price objective on the stock.

BOJA has been the subject of several other reports. Barclays decreased their target price on Bojangles from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Stephens downgraded Bojangles from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Jefferies Group downgraded Bojangles from a “buy” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $13.00 in a research report on Friday, December 22nd. TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Finally, ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Two 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 a consensus rating of “Hold” and a consensus target price of $16.75.

Bojangles (NASDAQ:BOJA) traded up $0.95 during trading hours on Thursday, hitting $12.95. The stock had a trading volume of 653,000 shares, compared to its average volume of 502,250. Bojangles has a fifty-two week low of $11.45 and a fifty-two week high of $22.35. The company has a market capitalization of $444.83, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64.

Bojangles (NASDAQ:BOJA) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $133.40 million during the quarter, compared to the consensus estimate of $133.88 million. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. Bojangles’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share.

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised 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 acquiring an additional 1,139 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in shares of Bojangles in the third quarter valued at about $119,000. Nationwide Fund Advisors raised 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 acquiring an additional 3,852 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Bojangles by 30.5% in the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after acquiring an additional 3,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Bojangles by 59.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,131 shares of the restaurant operator’s stock valued at $246,000 after acquiring an additional 5,617 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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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.

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