Bojangles Inc. (BOJA) Shares Up 3%
Shares of Bojangles Inc. (NASDAQ:BOJA) shot up 3% during mid-day trading on Monday . The company traded as high as $17.91 and last traded at $17.90, with a volume of 63,447 shares. The stock had previously closed at $17.38.
A number of research firms have recently issued reports on BOJA. Zacks Investment Research upgraded shares of Bojangles from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America Corp. restated a “buy” rating on shares of Bojangles in a research note on Friday, May 6th. TheStreet began coverage on shares of Bojangles in a research note on Friday, June 10th. They set a “hold” rating for the company. Stephens restated an “overweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Bojangles in a research note on Friday, May 6th. Finally, Jefferies Group restated a “buy” rating and set a $22.00 target price on shares of Bojangles in a research note on Saturday, June 25th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.18.
The company’s 50-day moving average is $17.38 and its 200-day moving average is $16.61. The stock has a market cap of $646.39 million and a PE ratio of 21.62.
Bojangles (NASDAQ:BOJA) last posted its earnings results on Thursday, May 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. During the same quarter in the previous year, the company earned $0.17 EPS. The firm earned $127.70 million during the quarter, compared to the consensus estimate of $126.07 million. The business’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts predict that Bojangles Inc. will post $0.90 earnings per share for the current year.
In related news, VP Eric Mcgrew Newman sold 10,300 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $17.58, for a total transaction of $181,074.00. Following the completion of the transaction, the vice president now owns 10,300 shares in the company, valued at $181,074. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Kenneth E. Avery sold 10,000 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00. Following the transaction, 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.
An institutional investor recently raised its position in Bojangles stock. Garnet Equity Capital Holdings Inc. increased its stake in shares of Bojangles Inc. (NASDAQ:BOJA) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,600 shares of the company’s stock after buying an additional 1,600 shares during the period. Bojangles makes up about 3.0% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 15th largest position. Garnet Equity Capital Holdings Inc. owned approximately 0.46% of Bojangles worth $2,644,000 at the end of the most recent reporting period.
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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