OxFORD Asset Management LLP Sells 37,683 Shares of Bojangles’, Inc. (BOJA)
OxFORD Asset Management LLP reduced its holdings in Bojangles’, Inc. (NASDAQ:BOJA) by 24.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,315 shares of the restaurant operator’s stock after selling 37,683 shares during the period. OxFORD Asset Management LLP owned about 0.31% of Bojangles’ worth $1,858,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of Bojangles’ by 7.0% in the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after acquiring an additional 392 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Bojangles’ by 43.6% in the 1st quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock valued at $132,000 after acquiring an additional 1,961 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Bojangles’ in the 2nd quarter valued at $143,000. Nationwide Fund Advisors boosted its holdings in shares of Bojangles’ by 65.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 3,852 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in shares of Bojangles’ in the 1st quarter valued at $215,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.
Bojangles’, Inc. (NASDAQ:BOJA) opened at 13.45 on Friday. The firm has a market capitalization of $497.64 million, a PE ratio of 14.32 and a beta of 1.97. Bojangles’, Inc. has a 1-year low of $12.90 and a 1-year high of $21.85. The company has a 50 day moving average of $13.50 and a 200 day moving average of $13.50.
Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.61 million. During the same period last year, the firm posted $0.27 EPS. Bojangles”s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that Bojangles’, Inc. will post $0.82 EPS for the current year.
Several equities analysts recently issued reports on the stock. William Blair cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Bojangles’ from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 target price on shares of Bojangles’ in a research note on Friday, July 14th. BidaskClub cut shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Bojangles’ in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.43.
In related news, Director James R. Kibler sold 25,000 shares of Bojangles’ stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $15.47, for a total value of $386,750.00. Following the transaction, the director now directly owns 71,332 shares in the company, valued at approximately $1,103,506.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 55.30% of the company’s stock.
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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