William A. Kussell Sells 25,000 Shares of Bojangles’, Inc. (BOJA) Stock
Bojangles’, Inc. (NASDAQ:BOJA) insider William A. Kussell sold 25,000 shares of Bojangles’ stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $16.85, for a total transaction of $421,250.00. Following the completion of the transaction, the insider now owns 43,410 shares in the company, valued at approximately $731,458.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Bojangles’, Inc. (NASDAQ:BOJA) traded down 0.149% on Tuesday, reaching $16.725. 19,325 shares of the company’s stock traded hands. Bojangles’, Inc. has a 52 week low of $14.55 and a 52 week high of $22.35. The firm has a market capitalization of $612.07 million, a P/E ratio of 16.911 and a beta of 2.07. The company’s 50-day moving average is $17.76 and its 200-day moving average is $19.33.
Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The business had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $132.83 million. Bojangles’ had a net margin of 7.00% and a return on equity of 18.44%. Equities research analysts anticipate that Bojangles’, Inc. will post $0.92 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on BOJA shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $20.00 target price (down previously from $21.00) on shares of Bojangles’ in a research note on Wednesday, March 8th. Zacks Investment Research raised shares of Bojangles’ from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. TheStreet raised shares of Bojangles’ from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Barclays PLC reissued an “equal weight” rating and issued a $19.00 target price (down previously from $20.00) on shares of Bojangles’ in a research note on Wednesday, March 8th. Finally, Cowen and Company started coverage on shares of Bojangles’ in a research note on Tuesday, March 14th. They issued an “outperform” rating and a $23.00 target price on the stock. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Bojangles’ has a consensus rating of “Buy” and a consensus target price of $20.00.
A number of institutional investors have recently added to or reduced their stakes in BOJA. American International Group Inc. boosted its position in Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 392 shares during the last quarter. Victory Capital Management Inc. boosted its position in Bojangles’ by 43.6% in the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,961 shares during the last quarter. Ellington Management Group LLC boosted its position in Bojangles’ by 0.9% in the fourth quarter. Ellington Management Group LLC now owns 10,800 shares of the restaurant operator’s stock valued at $201,000 after buying an additional 100 shares during the last quarter. Alliancebernstein L.P. bought a new position in Bojangles’ during the first quarter valued at approximately $215,000. Finally, US Bancorp DE boosted its position in Bojangles’ by 35.7% in the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock valued at $278,000 after buying an additional 3,574 shares during the last quarter. Hedge funds and other institutional investors own 93.71% of the company’s stock.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
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