Shares of Bojangles Inc (NASDAQ:BOJA) have received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.75.
Several research analysts have recently commented on the company. TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a research note on Friday, October 13th. Stephens downgraded Bojangles from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Cowen downgraded Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research note on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Bojangles in a research note on Wednesday, January 3rd. Finally, Jefferies Group downgraded Bojangles from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd.
Bojangles (BOJA) traded up $0.20 during midday trading on Tuesday, hitting $12.35. The stock had a trading volume of 272,362 shares, compared to its average volume of 448,439. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a market capitalization of $457.80, a P/E ratio of 14.36, a P/E/G ratio of 1.46 and a beta of 1.97.
Bojangles (NASDAQ:BOJA) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, hitting 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 quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. analysts forecast that Bojangles will post 0.78 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of BOJA. FMR LLC raised its stake in Bojangles by 15.0% during the 2nd quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock valued at $50,522,000 after purchasing an additional 406,647 shares during the period. Russell Investments Group Ltd. raised its stake in Bojangles by 1,301.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after purchasing an additional 390,547 shares during the period. Clark Estates Inc. NY bought a new stake in Bojangles during the 4th quarter valued at approximately $3,221,000. Dimensional Fund Advisors LP raised its stake in Bojangles by 60.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after purchasing an additional 190,369 shares during the period. Finally, Vanguard Group Inc. raised its stake in Bojangles by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock valued at $22,145,000 after purchasing an additional 118,281 shares during the period. 89.55% of the stock is currently owned by institutional investors.
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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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