Bojangles’, Inc. (BOJA) Stake Raised by Credit Suisse AG
Credit Suisse AG boosted its position in Bojangles’, Inc. (NASDAQ:BOJA) by 99.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,667 shares of the restaurant operator’s stock after buying an additional 14,819 shares during the period. Credit Suisse AG owned approximately 0.08% of Bojangles’ worth $608,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of BOJA. American International Group Inc. raised its stake in Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after buying an additional 392 shares during the period. Victory Capital Management Inc. raised its stake in Bojangles’ by 43.6% in the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,961 shares during the period. Envestnet Asset Management Inc. raised its stake in Bojangles’ by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 19,571 shares of the restaurant operator’s stock worth $399,000 after buying an additional 2,321 shares during the period. Wells Fargo & Company MN raised its stake in Bojangles’ by 5.0% in the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock worth $1,143,000 after buying an additional 2,657 shares during the period. Finally, US Bancorp DE raised its stake in Bojangles’ by 35.7% in the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock worth $278,000 after buying an additional 3,574 shares during the period. 91.26% of the stock is currently owned by institutional investors.
Shares of Bojangles’, Inc. (NASDAQ BOJA) traded up 1.273% during trading on Wednesday, hitting $13.368. 87,255 shares of the stock were exchanged. The company has a market cap of $494.60 million, a price-to-earnings ratio of 14.236 and a beta of 1.98. The stock’s 50 day moving average price is $14.38 and its 200-day moving average price is $17.77. Bojangles’, Inc. has a one year low of $12.85 and a one year high of $22.35.
Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.61 million. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, analysts predict that Bojangles’, Inc. will post $0.82 EPS for the current year.
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A number of analysts recently weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price objective on shares of Bojangles’ in a research report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Bojangles’ in a research report on Sunday, July 30th. TheStreet lowered shares of Bojangles’ from a “b-” rating to a “c” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Bojangles’ from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, William Blair lowered shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Bojangles’ has a consensus rating of “Hold” and an average target price of $19.44.
In other news, Director James R. Kibler sold 25,000 shares of Bojangles’ stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $16.41, for a total transaction of $410,250.00. Following the sale, the director now owns 71,332 shares in the company, valued at $1,170,558.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 75,000 shares of company stock worth $1,218,250 in the last quarter. Insiders own 55.30% of the company’s stock.
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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