ValuEngine cut shares of Bojangles (NASDAQ:BOJA) from a buy rating to a hold rating in a report released on Wednesday.
BOJA has been the subject of several other reports. Barclays lowered their target price on Bojangles from $15.00 to $14.00 and set an equal weight rating for the company in a report on Wednesday, October 18th. Stephens lowered Bojangles from an overweight rating to an equal weight rating in a report on Wednesday, October 11th. Jefferies Group lowered Bojangles from a buy rating to a hold rating and lowered their target price for the company from $16.00 to $13.00 in a report on Friday, December 22nd. SunTrust Banks reaffirmed a buy rating and set a $21.00 target price on shares of Bojangles in a report on Thursday, October 12th. Finally, TheStreet lowered Bojangles from a c- rating to a d+ rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $16.75.
Shares of Bojangles (NASDAQ BOJA) traded up $0.10 during trading on Wednesday, reaching $13.15. The company had a trading volume of 342,519 shares, compared to its average volume of 374,065. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The company has a market capitalization of $487.46, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.54 and a beta of 1.97. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35.
Bojangles (NASDAQ:BOJA) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $133.40 million during the quarter, compared to analyst estimates of $133.88 million. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. Bojangles’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. equities analysts anticipate that Bojangles will post 0.78 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BOJA. Victory Capital Management Inc. boosted its position in shares of Bojangles by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after buying an additional 1,139 shares during the period. Amica Retiree Medical Trust acquired a new position in shares of Bojangles during the third quarter worth approximately $119,000. Nationwide Fund Advisors boosted its position in shares of Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after buying an additional 3,852 shares during the period. Alliancebernstein L.P. boosted its position in shares of Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock worth $223,000 after buying an additional 3,200 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Bojangles by 59.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,131 shares of the restaurant operator’s stock worth $246,000 after buying an additional 5,617 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.
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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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