Advisory Research Inc. Sells 82,234 Shares of Bojangles Inc (BOJA)

Advisory Research Inc. reduced its holdings in shares of Bojangles Inc (NASDAQ:BOJA) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 899,715 shares of the restaurant operator’s stock after selling 82,234 shares during the quarter. Advisory Research Inc. owned approximately 2.40% of Bojangles worth $14,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BOJA. First Trust Advisors LP purchased a new position in Bojangles during the 2nd quarter valued at about $184,000. IndexIQ Advisors LLC boosted its stake in shares of Bojangles by 8.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 157,933 shares of the restaurant operator’s stock worth $2,274,000 after purchasing an additional 12,639 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Bojangles by 27.4% during the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Bojangles by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 117,606 shares of the restaurant operator’s stock worth $1,693,000 after purchasing an additional 7,465 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Bojangles by 22.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,613 shares of the restaurant operator’s stock worth $1,248,000 after purchasing an additional 15,778 shares during the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

BOJA opened at $16.06 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 0.73. Bojangles Inc has a 1 year low of $11.35 and a 1 year high of $17.10. The company has a market capitalization of $604.53 million, a P/E ratio of 19.35, a P/E/G ratio of 1.82 and a beta of 1.16.

Bojangles (NASDAQ:BOJA) last released its earnings results on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Bojangles had a net margin of 9.42% and a return on equity of 9.95%. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $136.29 million. As a group, equities research analysts anticipate that Bojangles Inc will post 0.71 EPS for the current year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Bojangles from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. BidaskClub cut shares of Bojangles from a “buy” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks cut shares of Bojangles from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday, November 9th. KeyCorp assumed coverage on shares of Bojangles in a research note on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Finally, ValuEngine raised shares of Bojangles from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.

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Bojangles Company Profile

Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.

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Institutional Ownership by Quarter for Bojangles (NASDAQ:BOJA)

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