Bojangles Inc (NASDAQ:BOJA) – Investment analysts at SunTrust Banks raised their Q2 2018 earnings per share estimates for shares of Bojangles in a research note issued on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.22. SunTrust Banks currently has a “Buy” rating and a $19.00 target price on the stock. SunTrust Banks also issued estimates for Bojangles’ Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.98 EPS and FY2019 earnings at $1.09 EPS.

Several other brokerages also recently issued reports on BOJA. Royal Bank of Canada reduced their price objective on Bojangles from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. BidaskClub raised Bojangles from a “strong sell” rating to a “sell” rating in a report on Thursday. ValuEngine lowered Bojangles from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays lowered their price objective on Bojangles from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 18th. Finally, Stifel Nicolaus started coverage on Bojangles in a report on Monday, October 2nd. They set a “hold” rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.75.

Bojangles (NASDAQ:BOJA) traded up $0.15 during trading hours on Friday, hitting $13.20. The company had a trading volume of 86,480 shares, compared to its average volume of 476,900. The firm has a market cap of $480.05, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.97. 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 has a fifty-two week low of $11.45 and a fifty-two week high of $22.35.

Bojangles (NASDAQ:BOJA) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The business 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Bojangles by 15.0% during the 2nd quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock worth $50,522,000 after buying an additional 406,647 shares during the period. Vanguard Group Inc. grew its position in Bojangles by 9.5% during the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock worth $22,145,000 after buying an additional 118,281 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Bojangles by 60.1% during the third quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock worth $6,846,000 after buying an additional 190,369 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Bojangles by 1,301.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after purchasing an additional 390,547 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Bojangles by 52.0% in the 2nd quarter. State Street Corp now owns 235,337 shares of the restaurant operator’s stock valued at $3,828,000 after purchasing an additional 80,483 shares in the last quarter. 89.55% of the stock is currently 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.

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