Barclays PLC Trims Bojangles’, Inc. (BOJA) Target Price to $14.00
Bojangles’, Inc. (NASDAQ:BOJA) had its price target dropped by research analysts at Barclays PLC from $15.00 to $14.00 in a report issued on Wednesday. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s price target would indicate a potential upside of 12.45% from the company’s previous close.
BOJA has been the subject of several other research reports. TheStreet downgraded shares of Bojangles’ from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Stephens downgraded shares of Bojangles’ from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 target price (down previously from $20.00) on shares of Bojangles’ in a research report on Sunday, July 30th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $21.00 target price on shares of Bojangles’ in a research report on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Bojangles’ from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Bojangles’ has a consensus rating of “Hold” and a consensus price target of $18.13.
Shares of Bojangles’ (BOJA) traded down 0.40% during trading on Wednesday, hitting $12.40. The company’s stock had a trading volume of 114,391 shares. Bojangles’ has a 52 week low of $11.85 and a 52 week high of $22.35. The company has a market cap of $458.79 million, a PE ratio of 13.21 and a beta of 1.97. The firm’s 50 day moving average price is $13.36 and its 200-day moving average price is $13.36.
Bojangles’ (NASDAQ:BOJA) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.61 million. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, analysts predict that Bojangles’ will post $0.82 earnings per share for the current year.
In related news, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $15.47, for a total transaction of $386,750.00. Following the completion of the sale, the director now owns 71,332 shares of the company’s stock, valued at approximately $1,103,506.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 55.30% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its position in shares of Bojangles’ by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 1,139 shares during the last quarter. American International Group Inc. grew its position in shares of Bojangles’ by 7.0% during the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 392 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Bojangles’ during the 2nd quarter valued at about $143,000. Nationwide Fund Advisors grew its position in shares of Bojangles’ by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 3,852 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Bojangles’ during the 2nd quarter valued at about $205,000. 91.26% of the stock is owned by institutional investors and hedge funds.
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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