Bojangles’, Inc. (NASDAQ:BOJA) Shares Bought by Swiss National Bank
Swiss National Bank raised its position in Bojangles’, Inc. (NASDAQ:BOJA) by 21.5% during the first quarter, Holdings Channel reports. The firm owned 27,100 shares of the restaurant operator’s stock after buying an additional 4,800 shares during the period. Swiss National Bank’s holdings in Bojangles’ were worth $556,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its position in shares of Bojangles’ by 35.7% in the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock worth $278,000 after buying an additional 3,574 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Bojangles’ by 16.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,250 shares of the restaurant operator’s stock worth $323,000 after buying an additional 2,494 shares during the period. Teachers Advisors LLC boosted its position in shares of Bojangles’ by 105.8% in the fourth quarter. Teachers Advisors LLC now owns 28,434 shares of the restaurant operator’s stock worth $530,000 after buying an additional 14,620 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Bojangles’ during the first quarter worth $730,000. Finally, Independent Portfolio Consultants Inc. acquired a new position in shares of Bojangles’ during the first quarter worth $989,000. 93.68% of the stock is owned by institutional investors and hedge funds.
Shares of Bojangles’, Inc. (NASDAQ:BOJA) opened at 15.80 on Tuesday. Bojangles’, Inc. has a 12 month low of $14.55 and a 12 month high of $22.35. The firm has a market cap of $578.22 million, a price-to-earnings ratio of 15.98 and a beta of 2.08. The company’s 50-day moving average is $17.02 and its 200-day moving average is $19.18.
Bojangles’ (NASDAQ:BOJA) last released its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Bojangles’ had a net margin of 7.00% and a return on equity of 18.44%. The business had revenue of $131.50 million for the quarter, compared to analyst estimates of $132.83 million. On average, equities research analysts forecast that Bojangles’, Inc. will post $0.91 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on BOJA shares. TheStreet raised shares of Bojangles’ from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Jefferies Group LLC restated a “buy” rating and set a $23.00 target price on shares of Bojangles’ in a research report on Wednesday, April 12th. Zacks Investment Research upgraded shares of Bojangles’ from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Piper Jaffray Companies restated a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a research report on Friday. Finally, BidaskClub lowered shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.22.
In other news, VP M John Jordan sold 56,289 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $17.84, for a total transaction of $1,004,195.76. Following the sale, the vice president now owns 56,289 shares in the company, valued at $1,004,195.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William A. Kussell sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 43,410 shares in the company, valued at approximately $731,458.50. The disclosure for this sale can be found here. Insiders have sold 131,289 shares of company stock worth $2,267,696 in the last 90 days. 55.30% of the stock is owned by company insiders.
Bojangles’ Company Profile
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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