Bojangles Inc. (BOJA) Receives $19.78 Average Target Price from Brokerages
Shares of Bojangles Inc. (NASDAQ:BOJA) have earned an average recommendation of “Buy” from the fourteen analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.78.
Several equities research analysts have issued reports on BOJA shares. Zacks Investment Research downgraded Bojangles from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Jefferies Group lowered their price target on Bojangles from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, August 5th. RBC Capital Markets restated a “sector perform” rating and issued a $19.00 price target (down from $20.00) on shares of Bojangles in a report on Thursday, August 11th. Piper Jaffray Cos. restated a “neutral” rating and issued a $16.00 price target (down from $17.00) on shares of Bojangles in a report on Thursday, August 11th. Finally, CL King started coverage on Bojangles in a report on Monday, September 19th. They issued a “strong-buy” rating and a $21.00 price target for the company.
In related news, Director William A. Kussell sold 25,000 shares of the stock in a transaction that occurred on 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 74.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Copper Rock Capital Partners LLC boosted its position in shares of Bojangles by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,300,452 shares of the company’s stock valued at $22,043,000 after buying an additional 20,202 shares during the period. Vanguard Group Inc. boosted its position in shares of Bojangles by 4.4% in the second quarter. Vanguard Group Inc. now owns 611,493 shares of the company’s stock valued at $10,365,000 after buying an additional 25,955 shares during the period. Frontier Capital Management Co. LLC bought a new position in shares of Bojangles during the second quarter valued at approximately $9,110,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of Bojangles by 10.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 234,112 shares of the company’s stock valued at $3,736,000 after buying an additional 23,019 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Bojangles by 17.9% in the second quarter. BlackRock Fund Advisors now owns 232,484 shares of the company’s stock valued at $3,941,000 after buying an additional 35,244 shares during the period. 83.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Bojangles (NASDAQ:BOJA) opened at 18.35 on Thursday. The firm has a market capitalization of $667.44 million, a price-to-earnings ratio of 19.32 and a beta of 1.80. Bojangles has a 12-month low of $13.39 and a 12-month high of $19.00. The company has a 50-day moving average price of $15.95 and a 200 day moving average price of $16.77.
Bojangles (NASDAQ:BOJA) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business earned $133.20 million during the quarter, compared to the consensus estimate of $132.59 million. Bojangles had a return on equity of 19.49% and a net margin of 6.86%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities research analysts expect that Bojangles will post $0.94 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.
Receive News & Stock Ratings for Bojangles Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles Inc. and related stocks with our FREE daily email newsletter.