Amica Retiree Medical Trust boosted its stake in Bojangles Inc (NASDAQ:BOJA) by 135.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,831 shares of the restaurant operator’s stock after purchasing an additional 11,984 shares during the period. Amica Retiree Medical Trust owned about 0.06% of Bojangles worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harvest Management LLC acquired a new stake in Bojangles during the 3rd quarter worth about $157,000. California Public Employees Retirement System acquired a new stake in Bojangles during the 2nd quarter worth about $173,000. Stone Ridge Asset Management LLC acquired a new stake in Bojangles during the 3rd quarter worth about $182,000. First Trust Advisors LP acquired a new stake in Bojangles during the 2nd quarter worth about $184,000. Finally, Rhumbline Advisers grew its holdings in Bojangles by 27.4% during the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after acquiring an additional 3,675 shares during the period. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of BOJA opened at $16.05 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $602.66 million, a PE ratio of 19.34, a PEG ratio of 1.82 and a beta of 1.16. Bojangles Inc has a one year low of $11.35 and a one year high of $17.10.

Bojangles (NASDAQ:BOJA) last issued its earnings results on Thursday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The company had revenue of $138.67 million during the quarter, compared to the consensus estimate of $136.29 million. Bojangles had a return on equity of 9.95% and a net margin of 9.42%. On average, sell-side analysts forecast that Bojangles Inc will post 0.71 earnings per share for the current fiscal year.

A number of analysts have weighed in on BOJA shares. TheStreet downgraded Bojangles from a “b-” rating to a “c+” rating in a report on Monday, July 30th. SunTrust Banks downgraded Bojangles from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Friday, November 9th. ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a report on Friday, September 28th. BidaskClub upgraded Bojangles from a “strong sell” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research downgraded Bojangles from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.00.

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Bojangles Profile

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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