Bojangles Inc. (BOJA) Shares Down 7%
Shares of Bojangles Inc. (NASDAQ:BOJA) were down 7% during trading on Tuesday . The company traded as low as $16.76 and last traded at $17.05, with a volume of 555,740 shares. The stock had previously closed at $18.33.
A number of analysts have commented on BOJA shares. Jefferies Group reduced their target price on Bojangles from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday. Zacks Investment Research lowered Bojangles from a “hold” rating to a “sell” rating in a report on Monday, July 25th. TheStreet started coverage on Bojangles in a report on Friday, June 10th. They issued a “hold” rating for the company. Bank of America Corp. reissued a “buy” rating on shares of Bojangles in a report on Friday, May 6th. Finally, Stephens reissued an “overweight” rating and issued a $22.00 target price (up previously from $20.00) on shares of Bojangles in a report on Friday, May 6th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Bojangles currently has an average rating of “Buy” and a consensus price target of $22.08.
The stock’s 50 day moving average is $17.38 and its 200-day moving average is $16.68. The company has a market capitalization of $603.05 million and a price-to-earnings ratio of 20.17.
Bojangles (NASDAQ:BOJA) last posted its earnings results on Monday, August 8th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $132.77 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Bojangles Inc. will post $0.90 EPS for the current fiscal year.
In other news, VP Eric Mcgrew Newman sold 10,300 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $17.58, for a total transaction of $181,074.00. Following the completion of the sale, the vice president now owns 10,300 shares in the company, valued at approximately $181,074. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kenneth E. Avery sold 10,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $18.00, for a total value of $180,000.00. Following the sale, the chief operating officer now owns 10,000 shares of the company’s stock, valued at approximately $180,000. The disclosure for this sale can be found here.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice.
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