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.
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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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