Bojangles (NASDAQ:BOJA)‘s stock had its “buy” rating reiterated by SunTrust Banks in a research note issued to investors on Wednesday. They presently have a $19.00 price target on the restaurant operator’s stock. SunTrust Banks’ target price points to a potential upside of 58.33% from the stock’s previous close.

A number of other research analysts also recently commented on BOJA. Stifel Nicolaus started coverage on shares of Bojangles in a report on Monday, October 2nd. They issued a “hold” rating and a $16.00 price target for the company. Stephens downgraded shares of Bojangles from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. TheStreet downgraded shares of Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Barclays lowered their price target on shares of Bojangles from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, Cowen lowered shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.75.

Shares of Bojangles (BOJA) traded up $0.20 during trading hours on Wednesday, hitting $12.00. 351,500 shares of the company were exchanged, compared to its average volume of 355,800. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a market cap of $477.27 and a P/E ratio of 13.95.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The firm had revenue of $133.40 million during the quarter, compared to the consensus estimate of $133.88 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. equities research analysts predict that Bojangles will post 0.78 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of BOJA. Schwab Charles Investment Management Inc. increased its position in shares of Bojangles by 19.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 72,017 shares of the restaurant operator’s stock worth $1,171,000 after acquiring an additional 11,856 shares during the period. Rhumbline Advisers purchased a new position in shares of Bojangles during the second quarter worth approximately $285,000. Victory Capital Management Inc. increased its position in shares of Bojangles by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after acquiring an additional 1,139 shares during the period. Swiss National Bank increased its position in shares of Bojangles by 17.7% during the second quarter. Swiss National Bank now owns 31,900 shares of the restaurant operator’s stock worth $518,000 after acquiring an additional 4,800 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Bojangles by 34.6% during the second quarter. Wells Fargo & Company MN now owns 75,024 shares of the restaurant operator’s stock worth $1,220,000 after acquiring an additional 19,299 shares during the period. 89.55% of the stock is currently owned by institutional investors.

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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)

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