Bojangles Inc. (BOJA) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its stake in Bojangles Inc. (NASDAQ:BOJA) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 48,651 shares of the company’s stock after buying an additional 1,850 shares during the period. Bank of New York Mellon Corp owned approximately 0.13% of Bojangles worth $825,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Copper Rock Capital Partners LLC raised its position in Bojangles by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,300,452 shares of the company’s stock valued at $22,043,000 after buying an additional 20,202 shares during the period. Skylands Capital LLC raised its position in Bojangles by 4.3% in the second quarter. Skylands Capital LLC now owns 153,700 shares of the company’s stock valued at $2,605,000 after buying an additional 6,300 shares during the period. American Century Companies Inc. acquired a new position in Bojangles during the second quarter valued at $1,684,000. Geode Capital Management LLC raised its position in Bojangles by 4.1% in the first quarter. Geode Capital Management LLC now owns 80,741 shares of the company’s stock valued at $1,373,000 after buying an additional 3,183 shares during the period. Finally, Prudential Financial Inc. acquired a new position in Bojangles during the first quarter valued at $1,068,000. 83.13% of the stock is owned by hedge funds and other institutional investors.
Bojangles Inc. (NASDAQ:BOJA) traded up 1.25% during trading on Tuesday, reaching $16.15. The company’s stock had a trading volume of 36,539 shares. Bojangles Inc. has a one year low of $13.39 and a one year high of $19.75. The company has a 50-day moving average of $15.93 and a 200 day moving average of $17.00. The firm has a market cap of $586.83 million, a PE ratio of 17.37 and a beta of 1.80.
Bojangles (NASDAQ:BOJA) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm earned $131.60 million during the quarter, compared to the consensus estimate of $132.77 million. Bojangles had a net margin of 6.76% and a return on equity of 20.17%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Analysts expect that Bojangles Inc. will post $0.90 EPS for the current fiscal year.
Several research analysts have recently weighed in on BOJA shares. CL King started coverage on Bojangles in a research report on Monday, September 19th. They issued a “strong-buy” rating and a $21.00 price objective for the company. Zacks Investment Research raised Bojangles from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. KeyCorp lowered their price objective on Bojangles from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, September 26th. Jefferies Group restated a “buy” rating and issued a $21.00 target price (down from $22.00) on shares of Bojangles in a research note on Thursday, August 11th. Finally, Craig Hallum initiated coverage on Bojangles in a research note on Tuesday, September 20th. They issued a “strong-buy” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.18.
In other news, Director William A. Kussell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $16.73, for a total transaction of $418,250.00. Following the completion of the transaction, the director now directly owns 140,896 shares of the company’s stock, valued at $2,357,190.08. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $18.50, for a total transaction of $83,638.50. Following the transaction, the insider now directly owns 4,521 shares of the company’s stock, valued at $83,638.50. The disclosure for this sale can be found here. Insiders own 74.40% 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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