Bojangles Inc. (BOJA) Lifted to Hold at TheStreet
Other equities research analysts have also issued research reports about the stock. RBC Capital Markets restated a sector perform rating and issued a $19.00 price target (down previously from $20.00) on shares of Bojangles in a research note on Thursday, August 11th. Zacks Investment Research upgraded shares of Bojangles from a sell rating to a hold rating in a research note on Monday, August 1st. Piper Jaffray Cos. reiterated a neutral rating and set a $16.00 price objective (down previously from $17.00) on shares of Bojangles in a research note on Thursday, August 11th. Jefferies Group reiterated a buy rating and set a $21.00 price objective (down previously from $22.00) on shares of Bojangles in a research note on Thursday, August 11th. Finally, Craig Hallum began coverage on shares of Bojangles in a research note on Tuesday, September 20th. They set a strong-buy rating on the stock. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $20.09.
Shares of Bojangles (NASDAQ:BOJA) opened at 17.90 on Monday. The company has a 50-day moving average price of $16.75 and a 200-day moving average price of $16.85. The stock has a market cap of $651.08 million, a price-to-earnings ratio of 18.84 and a beta of 1.80. Bojangles has a 1-year low of $13.39 and a 1-year high of $20.15.
Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Bojangles had a net margin of 6.86% and a return on equity of 19.49%. The company had revenue of $133.20 million for the quarter, compared to analyst estimates of $132.59 million. During the same quarter last year, the business earned $0.23 earnings per share. Bojangles’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Bojangles will post $0.94 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of BOJA. Ameriprise Financial Inc. raised its position in Bojangles by 11.8% in the second quarter. Ameriprise Financial Inc. now owns 101,438 shares of the company’s stock worth $1,719,000 after buying an additional 10,693 shares in the last quarter. Bank of New York Mellon Corp raised its position in Bojangles by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 48,651 shares of the company’s stock worth $825,000 after buying an additional 1,850 shares in the last quarter. Skylands Capital LLC raised its position in Bojangles by 4.3% in the second quarter. Skylands Capital LLC now owns 153,700 shares of the company’s stock worth $2,605,000 after buying an additional 6,300 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Bojangles during the second quarter worth approximately $9,110,000. Finally, Emerald Acquisition Ltd. purchased a new position in Bojangles during the second quarter worth approximately $3,082,000. 87.12% of the stock is owned by hedge funds and other institutional investors.
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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