Bojangles (NASDAQ:BOJA) had its price objective increased by Barclays from $13.00 to $14.00 in a report issued on Wednesday morning. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

BOJA has been the topic of several other research reports. SunTrust Banks reissued a buy rating and set a $19.00 target price on shares of Bojangles in a research note on Wednesday, January 3rd. Zacks Investment Research raised Bojangles from a sell rating to a hold rating in a research note on Friday, January 5th. Jefferies Group lowered Bojangles from a buy rating to a hold rating and decreased their target price for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd. ValuEngine raised Bojangles from a hold rating to a buy rating in a research note on Friday, December 22nd. Finally, BidaskClub raised Bojangles from a sell rating to a hold rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Bojangles currently has an average rating of Hold and a consensus price target of $15.71.

Bojangles (NASDAQ BOJA) opened at $14.85 on Wednesday. Bojangles has a 12 month low of $11.35 and a 12 month high of $22.35. The company has a market capitalization of $544.39, a price-to-earnings ratio of 7.94, a PEG ratio of 1.62 and a beta of 1.63. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Tuesday, March 6th. The restaurant operator reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Bojangles had a return on equity of 13.99% and a net margin of 13.15%. The business had revenue of $148.10 million for the quarter, compared to analyst estimates of $146.76 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. sell-side analysts expect that Bojangles will post 0.69 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amica Retiree Medical Trust acquired a new position in Bojangles during the 3rd quarter worth about $119,000. Investors Research Corp purchased a new stake in Bojangles during the 4th quarter worth about $145,000. Engineers Gate Manager LP purchased a new stake in Bojangles during the 4th quarter worth about $153,000. Nationwide Fund Advisors increased its holdings in Bojangles by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares during the period. Finally, PEAK6 Investments L.P. purchased a new stake in Bojangles during the 4th quarter worth about $198,000. 91.25% of the stock is currently owned by hedge funds and other 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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