Seizert Capital Partners LLC purchased a new position in Bojangles Inc (NASDAQ:BOJA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,358 shares of the restaurant operator’s stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harvest Management LLC purchased a new stake in Bojangles during the 3rd quarter worth about $157,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Bojangles in the 3rd quarter valued at about $182,000. Victory Capital Management Inc. raised its holdings in shares of Bojangles by 58.9% in the 3rd quarter. Victory Capital Management Inc. now owns 30,358 shares of the restaurant operator’s stock valued at $477,000 after acquiring an additional 11,251 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Bojangles by 215.1% in the 3rd quarter. First Trust Advisors LP now owns 40,208 shares of the restaurant operator’s stock valued at $631,000 after acquiring an additional 27,447 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Bojangles by 0.6% in the 3rd quarter. Tributary Capital Management LLC now owns 916,045 shares of the restaurant operator’s stock valued at $14,382,000 after acquiring an additional 5,367 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.

NASDAQ:BOJA opened at $16.02 on Wednesday. Bojangles Inc has a twelve month low of $11.35 and a twelve month high of $17.10. The stock has a market capitalization of $602.66 million, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 0.73.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings data on Thursday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $138.67 million for the quarter, compared to analyst estimates of $136.29 million. Bojangles had a return on equity of 9.95% and a net margin of 9.42%. As a group, research analysts expect that Bojangles Inc will post 0.71 earnings per share for the current fiscal year.

Several analysts have weighed in on BOJA shares. BidaskClub cut Bojangles from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. KeyCorp started coverage on Bojangles in a report on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. ValuEngine raised Bojangles from a “hold” rating to a “buy” rating in a report on Friday, September 28th. TheStreet cut Bojangles from a “b-” rating to a “c+” rating in a report on Monday, July 30th. Finally, Zacks Investment Research cut Bojangles from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.00.

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About Bojangles

Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.

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Institutional Ownership by Quarter for Bojangles (NASDAQ:BOJA)

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