BidaskClub upgraded shares of Bojangles (NASDAQ:BOJA) from a hold rating to a buy rating in a report issued on Friday morning.
Other analysts have also recently issued reports about the company. ValuEngine upgraded Bojangles from a hold rating to a buy rating in a research report on Friday, September 28th. TheStreet cut Bojangles from a b- rating to a c+ rating in a research report on Monday, July 30th. Zacks Investment Research upgraded Bojangles from a sell rating to a hold rating and set a $18.00 price target on the stock in a research report on Friday, November 9th. SunTrust Banks cut Bojangles from a buy rating to a hold rating and set a $16.00 price target on the stock. in a research report on Friday, November 9th. Finally, KeyCorp started coverage on Bojangles in a research report on Wednesday, October 3rd. They set a sector weight rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $15.00.
Shares of Bojangles stock opened at $16.05 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $603.03 million, a PE ratio of 19.34, a P/E/G ratio of 1.82 and a beta of 1.16. Bojangles has a twelve month low of $11.35 and a twelve month high of $17.10.
Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $136.29 million. Bojangles had a return on equity of 9.95% and a net margin of 9.42%. As a group, research analysts expect that Bojangles will post 0.71 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. IndexIQ Advisors LLC increased its position in Bojangles by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 157,933 shares of the restaurant operator’s stock valued at $2,274,000 after acquiring an additional 12,639 shares during the period. Tributary Capital Management LLC increased its position in Bojangles by 0.6% in the 3rd quarter. Tributary Capital Management LLC now owns 916,045 shares of the restaurant operator’s stock valued at $14,382,000 after acquiring an additional 5,367 shares during the period. Rhumbline Advisers increased its position in Bojangles by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock valued at $246,000 after acquiring an additional 3,675 shares during the period. Millennium Management LLC increased its position in Bojangles by 30.1% in the 2nd quarter. Millennium Management LLC now owns 382,266 shares of the restaurant operator’s stock valued at $5,505,000 after acquiring an additional 88,343 shares during the period. Finally, Cortina Asset Management LLC acquired a new stake in Bojangles in the 2nd quarter valued at approximately $4,204,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.
Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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