Bank of New York Mellon Corp Has $1.41 Million Stake in Bojangles’, Inc. (BOJA)
Bank of New York Mellon Corp trimmed its stake in shares of Bojangles’, Inc. (NASDAQ:BOJA) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,016 shares of the restaurant operator’s stock after selling 22,720 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Bojangles’ worth $1,413,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in BOJA. Wells Fargo & Company MN lifted its holdings in shares of Bojangles’ by 5.0% during the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock valued at $1,143,000 after purchasing an additional 2,657 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Bojangles’ by 21.5% during the first quarter. Swiss National Bank now owns 27,100 shares of the restaurant operator’s stock valued at $556,000 after purchasing an additional 4,800 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Bojangles’ by 21.9% during the first quarter. Parametric Portfolio Associates LLC now owns 28,153 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 5,062 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Bojangles’ by 13.5% during the first quarter. Envestnet Asset Management Inc. now owns 19,571 shares of the restaurant operator’s stock valued at $399,000 after purchasing an additional 2,321 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Bojangles’ by 46.4% during the first quarter. Prudential Financial Inc. now owns 113,550 shares of the restaurant operator’s stock valued at $2,328,000 after purchasing an additional 36,010 shares during the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on BOJA. TheStreet downgraded Bojangles’ from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Stephens downgraded Bojangles’ from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $16.00 target price (down from $20.00) on shares of Bojangles’ in a report on Sunday, July 30th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $21.00 target price on shares of Bojangles’ in a report on Thursday, October 12th. Finally, Zacks Investment Research downgraded Bojangles’ from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.13.
In other Bojangles’ news, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $15.47, for a total value of $386,750.00. Following the completion of the transaction, the director now directly owns 71,332 shares of the company’s stock, valued at $1,103,506.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 55.30% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/20/bank-of-new-york-mellon-corp-has-1-41-million-stake-in-bojangles-inc-boja.html.
Shares of Bojangles’, Inc. (NASDAQ BOJA) opened at 12.50 on Friday. The company has a 50-day moving average price of $13.24 and a 200 day moving average price of $13.24. The stock has a market capitalization of $462.49 million, a P/E ratio of 13.31 and a beta of 1.97. Bojangles’, Inc. has a 52 week low of $11.85 and a 52 week high of $22.35.
Bojangles’ (NASDAQ:BOJA) last posted its earnings results 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. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. The firm had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.61 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Analysts forecast that Bojangles’, Inc. will post $0.82 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding BOJA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bojangles’, Inc. (NASDAQ:BOJA).
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.