BidaskClub cut shares of Bojangles (NASDAQ:BOJA) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Bojangles from a sell rating to a hold rating and set a $18.00 price target for the company in a research report on Friday, November 9th. SunTrust Banks downgraded shares of Bojangles from a buy rating to a hold rating and set a $16.00 price target for the company. in a research report on Friday, November 9th. KeyCorp initiated coverage on shares of Bojangles in a research report on Wednesday, October 3rd. They set a sector weight rating for the company. Finally, ValuEngine upgraded Bojangles from a hold rating to a buy rating in a research note on Friday, September 28th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Bojangles has a consensus rating of Hold and an average target price of $15.50.

Shares of BOJA stock remained flat at $$16.08 during mid-day trading on Wednesday. 2,793,023 shares of the stock were exchanged, compared to its average volume of 760,662. Bojangles has a twelve month low of $11.35 and a twelve month high of $17.10. 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 firm has a market capitalization of $604.16 million, a P/E ratio of 19.37, a P/E/G ratio of 1.64 and a beta of 0.92.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Management LLC bought a new position in Bojangles during the third quarter worth $157,000. California Public Employees Retirement System bought a new position in Bojangles during the second quarter worth $173,000. Stone Ridge Asset Management LLC bought a new position in Bojangles during the third quarter worth $182,000. First Trust Advisors LP bought a new position in Bojangles during the second quarter worth $184,000. Finally, Rhumbline Advisers lifted its stake in Bojangles by 27.4% during the second quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 90.97% of the company’s stock.

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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Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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