Cowen and Company downgraded shares of Bojangles’, Inc. (NASDAQ:BOJA) from an outperform rating to a market perform rating in a research report sent to investors on Friday. Cowen and Company currently has $23.00 price target on the restaurant operator’s stock.

Several other research firms have also recently commented on BOJA. William Blair cut shares of Bojangles’ from an outperform rating to a market perform rating in a report on Friday, July 28th. BidaskClub cut shares of Bojangles’ from a sell rating to a strong sell rating in a report on Tuesday, July 11th. Piper Jaffray Companies reiterated a hold rating and set a $18.00 price target on shares of Bojangles’ in a report on Friday, July 14th. Zacks Investment Research cut shares of Bojangles’ from a hold rating to a sell rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a buy rating and set a $20.00 price target on shares of Bojangles’ in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $18.13.

Shares of Bojangles’ (BOJA) traded down 1.60% during midday trading on Friday, reaching $12.30. 716,947 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $13.21 and its 200 day moving average price is $13.21. Bojangles’ has a 1-year low of $11.85 and a 1-year high of $21.85. The stock has a market capitalization of $455.09 million, a P/E ratio of 13.10 and a beta of 1.97.

Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.61 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Bojangles’ will post $0.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Bojangles’, Inc. (BOJA) Lowered to “Market Perform” at Cowen and Company” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/21/bojangles-inc-boja-lowered-to-market-perform-at-cowen-and-company.html.

In other news, Director James R. Kibler sold 25,000 shares of the company’s 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 completion of the transaction, the director now owns 71,332 shares in the company, valued at approximately $1,103,506.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 55.30% of the company’s stock.

Several institutional investors have recently modified their holdings of BOJA. Victory Capital Management Inc. boosted its holdings in shares of Bojangles’ by 17.6% in 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 in the last quarter. 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 buying an additional 392 shares in the last quarter. IFP Advisors Inc acquired a new position 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 buying an additional 3,852 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Bojangles’ in the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 91.26% 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.

Analyst Recommendations for Bojangles` (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.