Zacks Investment Research upgraded shares of Bojangles (NASDAQ:BOJA) from a sell rating to a hold rating in a report published on Friday morning.

According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “

BOJA has been the topic of a number of other research reports. BidaskClub raised Bojangles from a sell rating to a hold rating in a research note on Saturday, August 25th. KeyCorp began coverage on Bojangles in a research note on Wednesday, October 3rd. They set a sector weight rating on the stock. ValuEngine raised Bojangles from a hold rating to a buy rating in a research note on Friday, September 28th. SunTrust Banks lowered Bojangles from a buy rating to a hold rating and set a $16.00 price target on the stock. in a research note on Friday. Finally, TheStreet lowered Bojangles from a b- rating to a c+ rating in a research note on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bojangles presently has an average rating of Hold and an average price target of $14.60.

Shares of Bojangles stock remained flat at $$16.08 during trading hours on Friday. The company’s stock had a trading volume of 521,764 shares, compared to its average volume of 392,889. Bojangles has a one year low of $11.35 and a one year high of $17.10. The stock has a market cap of $592.63 million, a price-to-earnings ratio of 19.37, a PEG ratio of 1.89 and a beta of 1.16. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Bojangles (NASDAQ:BOJA) last issued its quarterly earnings results on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. Bojangles had a return on equity of 9.91% and a net margin of 11.24%. The company had revenue of $138.67 million for the quarter, compared to analyst estimates of $136.29 million. On average, analysts forecast that Bojangles will post 0.68 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Harvest Management LLC acquired a new stake in shares of Bojangles during the 3rd quarter worth $157,000. California Public Employees Retirement System acquired a new stake in shares of Bojangles during the 2nd quarter worth $173,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Bojangles during the 3rd quarter worth $182,000. First Trust Advisors LP acquired a new stake in shares of Bojangles during the 2nd quarter worth $184,000. Finally, Rhumbline Advisers increased its holdings in shares of Bojangles by 27.4% during the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after buying an additional 3,675 shares during the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.

Bojangles Company Profile

Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.

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