Bojangles’, Inc. (BOJA) Given Average Rating of “Hold” by Brokerages

Shares of Bojangles’, Inc. (NASDAQ:BOJA) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.38.

Several equities research analysts have weighed in on BOJA shares. Stephens downgraded Bojangles’ from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $17.00 price target on shares of Bojangles’ in a research report on Friday, November 3rd. Royal Bank Of Canada cut their price target on Bojangles’ from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. Barclays PLC cut their price target on Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, TheStreet lowered shares of Bojangles’ from a “c-” rating to a “d+” rating in a research note on Friday, October 13th.

Hedge funds have recently bought and sold shares of the company. Amica Retiree Medical Trust purchased a new position in Bojangles’ in the 3rd quarter valued at about $119,000. Victory Capital Management Inc. lifted its stake in Bojangles’ by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after purchasing an additional 1,139 shares in the last quarter. American International Group Inc. lifted its stake in Bojangles’ by 7.0% in the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 392 shares in the last quarter. IFP Advisors Inc purchased a new position in Bojangles’ in the 2nd quarter worth approximately $143,000. Finally, Nationwide Fund Advisors lifted its stake in Bojangles’ by 65.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares in the last quarter. 92.09% of the stock is currently owned by institutional investors and hedge funds.

Bojangles’ (NASDAQ:BOJA) traded down $0.40 during midday trading on Monday, hitting $12.30. The company had a trading volume of 110,700 shares, compared to its average volume of 316,150. 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’ has a 52-week low of $11.60 and a 52-week high of $22.35. The firm has a market cap of $455.95 and a P/E ratio of 13.98.

Bojangles’ (NASDAQ:BOJA) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Bojangles’ had a return on equity of 15.11% and a net margin of 6.13%. The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $133.88 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s revenue was up .2% on a year-over-year basis. sell-side analysts predict that Bojangles’ will post 0.78 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Bojangles’, Inc. (BOJA) Given Average Rating of “Hold” by Brokerages” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2017/12/13/bojangles-inc-boja-given-average-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Bojangles` (NASDAQ:BOJA)

Receive News & Ratings for Bojangles' Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles' Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply