Bojangles Inc (BOJA) Receives Consensus Recommendation of “Hold” from Brokerages
Bojangles Inc (NASDAQ:BOJA) has received an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.38.
A number of research analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Bojangles in a research report on Monday, October 2nd. They set a “hold” rating and a $16.00 price objective on the stock. Stephens cut shares of Bojangles from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. SunTrust Banks reiterated a “buy” rating and set a $17.00 price objective on shares of Bojangles in a research report on Friday, November 3rd. Cowen cut shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Friday, October 20th. Finally, Barclays cut their price objective on shares of Bojangles from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th.
Shares of Bojangles (BOJA) traded up $0.03 on Monday, reaching $13.48. 535,058 shares of the company traded hands, compared to its average volume of 484,249. Bojangles has a 12 month low of $11.60 and a 12 month high of $22.35. The company has a market capitalization of $499.51 and a PE ratio of 15.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56.
Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The company had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $133.88 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Bojangles’s quarterly revenue was up .2% on a year-over-year basis. analysts anticipate that Bojangles will post 0.78 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. OxFORD Asset Management LLP boosted its stake in shares of Bojangles by 27.3% during the third quarter. OxFORD Asset Management LLP now owns 145,482 shares of the restaurant operator’s stock valued at $1,993,000 after purchasing an additional 31,167 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bojangles by 60.1% during the third quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after purchasing an additional 190,369 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Bojangles by 5.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 76,212 shares of the restaurant operator’s stock valued at $1,029,000 after purchasing an additional 4,195 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Bojangles by 23.1% during the third quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock valued at $1,247,000 after purchasing an additional 17,317 shares during the period. Finally, Amica Pension Fund Board of Trustees purchased a new stake in shares of Bojangles during the third quarter valued at $785,000. 89.06% of the stock is owned by hedge funds and other institutional investors.
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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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