Bojangles’, Inc. (NASDAQ:BOJA) had its target price lowered by Barclays PLC from $15.00 to $14.00 in a report published on Wednesday, October 18th. Barclays PLC currently has an equal weight rating on the restaurant operator’s stock.
A number of other equities analysts have also recently commented on the company. TheStreet cut Bojangles’ from a c- rating to a d+ rating in a report on Friday, October 13th. SunTrust Banks, Inc. reiterated a buy rating and set a $21.00 price target on shares of Bojangles’ in a report on Thursday, October 12th. Stephens cut Bojangles’ from an overweight rating to an equal weight rating in a report on Wednesday, October 11th. Stifel Nicolaus began coverage on Bojangles’ in a report on Monday, October 2nd. They set a hold rating and a $16.00 price target for the company. Finally, Zacks Investment Research cut Bojangles’ from a hold rating to a strong sell rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $18.13.
Shares of Bojangles’ (NASDAQ:BOJA) traded down 1.62% during midday trading on Wednesday, hitting $12.15. The company had a trading volume of 761,746 shares. Bojangles’ has a 12 month low of $11.85 and a 12 month high of $21.85. The stock’s 50-day moving average price is $13.12 and its 200-day moving average price is $13.12. The company has a market cap of $449.54 million, a price-to-earnings ratio of 12.94 and a beta of 1.97.
Bojangles’ (NASDAQ:BOJA) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. The business had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.61 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Bojangles”s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Bojangles’ will post $0.82 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in shares of Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 392 shares in the last quarter. Victory Capital Management Inc. raised its position in Bojangles’ by 43.6% during the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock valued at $132,000 after purchasing an additional 1,961 shares in the last quarter. IFP Advisors Inc acquired a new position in Bojangles’ during the second quarter valued at approximately $143,000. Nationwide Fund Advisors raised its position in Bojangles’ by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 3,852 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Bojangles’ during the first quarter valued at approximately $215,000. Institutional investors own 91.26% of the company’s stock.
Bojangles’ Company Profile
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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