Analysts Set Bojangles Inc. (NASDAQ:BOJA) Target Price at $19.88
Shares of Bojangles Inc. (NASDAQ:BOJA) have received an average recommendation of “Buy” from the fourteen analysts that are covering the company. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $19.88.
A number of brokerages have recently issued reports on BOJA. RBC Capital Markets reissued a “sector perform” rating and issued a $19.00 target price (down previously from $20.00) on shares of Bojangles in a research report on Thursday, August 11th. Jefferies Group reissued a “buy” rating and issued a $22.00 target price on shares of Bojangles in a research report on Saturday, June 25th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $16.00 target price (down previously from $17.00) on shares of Bojangles in a research report on Thursday, August 11th. Zacks Investment Research cut shares of Bojangles from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Craig Hallum began coverage on shares of Bojangles in a research report on Tuesday, September 20th. They issued a “strong-buy” rating for the company.
In other Bojangles news, Director William A. Kussell sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $16.73, for a total transaction of $418,250.00. Following the completion of the transaction, the director now owns 140,896 shares of the company’s stock, valued at $2,357,190.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Eric Mcgrew Newman sold 29,125 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.27, for a total value of $532,113.75. Following the transaction, the vice president now directly owns 19,125 shares of the company’s stock, valued at approximately $349,413.75. The disclosure for this sale can be found here. Company insiders own 74.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC acquired a new position in shares of Bojangles during the second quarter valued at approximately $9,110,000. Emerald Acquisition Ltd. purchased a new position in Bojangles during the second quarter valued at about $3,082,000. American Century Companies Inc. purchased a new position in Bojangles during the second quarter valued at about $1,684,000. Oxford Asset Management increased its position in Bojangles by 104.5% in the second quarter. Oxford Asset Management now owns 161,175 shares of the company’s stock valued at $2,732,000 after buying an additional 82,351 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in Bojangles during the first quarter valued at about $1,068,000. 86.79% of the stock is owned by hedge funds and other institutional investors.
Bojangles (NASDAQ:BOJA) opened at 15.68 on Thursday. Bojangles has a 52 week low of $13.39 and a 52 week high of $19.75. The company has a market cap of $569.75 million, a price-to-earnings ratio of 16.86 and a beta of 1.80. The stock has a 50 day moving average of $16.05 and a 200 day moving average of $17.03.
Bojangles (NASDAQ:BOJA) last announced its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The company earned $131.60 million during the quarter, compared to analysts’ expectations of $132.77 million. Bojangles had a net margin of 6.76% and a return on equity of 20.17%. Bojangles’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities research analysts predict that Bojangles will post $0.90 earnings per share for the current fiscal year.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice.
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