Bojangles Inc. (BOJA) Now Covered by Analysts at Craig Hallum
BOJA has been the topic of several other research reports. CL King started coverage on shares of Bojangles in a research note on Monday. They issued a strong-buy rating and a $21.00 price target on the stock. Jefferies Group decreased their price target on shares of Bojangles from $22.00 to $21.00 and set a buy rating on the stock in a research note on Friday, August 5th. Zacks Investment Research cut shares of Bojangles from a buy rating to a hold rating in a research note on Wednesday, July 6th. TheStreet assumed coverage on shares of Bojangles in a research note on Friday, June 10th. They issued a hold rating on the stock. Finally, Piper Jaffray Cos. restated a neutral rating and set a $16.00 target price (down from $17.00) on shares of Bojangles in a research report on Thursday, August 11th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Bojangles currently has an average rating of Buy and a consensus price target of $20.00.
Bojangles (NASDAQ:BOJA) traded up 0.31% during mid-day trading on Tuesday, hitting $16.08. The company had a trading volume of 20,002 shares. The stock has a 50 day moving average price of $16.46 and a 200-day moving average price of $17.08. Bojangles has a 1-year low of $13.39 and a 1-year high of $19.75. The stock has a market capitalization of $584.28 million, a PE ratio of 17.29 and a beta of 1.81.
Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $132.77 million. Bojangles had a net margin of 6.76% and a return on equity of 20.17%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts forecast that Bojangles will post $0.90 earnings per share for the current year.
In other Bojangles news, VP Eric Mcgrew Newman sold 29,125 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $18.27, for a total value of $532,113.75. Following the transaction, the vice president now directly owns 19,125 shares in the company, valued at approximately $349,413.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth E. Avery sold 4,521 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.50, for a total transaction of $83,638.50. Following the completion of the transaction, the insider now owns 4,521 shares in the company, valued at $83,638.50. The disclosure for this sale can be found here. 74.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of BOJA. Copper Rock Capital Partners LLC increased its position in shares of Bojangles by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,300,452 shares of the company’s stock worth $22,043,000 after buying an additional 20,202 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Bojangles by 4.4% in the second quarter. Vanguard Group Inc. now owns 611,493 shares of the company’s stock worth $10,365,000 after buying an additional 25,955 shares in the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Bojangles during the second quarter worth approximately $9,110,000. BlackRock Fund Advisors increased its position in shares of Bojangles by 17.9% in the second quarter. BlackRock Fund Advisors now owns 232,484 shares of the company’s stock worth $3,941,000 after buying an additional 35,244 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Bojangles by 11.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 211,093 shares of the company’s stock worth $3,578,000 after buying an additional 20,901 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.
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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