Bojangles Inc. (NASDAQ:BOJA) has received a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the firm. Seven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.88.
BOJA has been the topic of a number of analyst reports. CL King initiated coverage on shares of Bojangles in a report on Monday, September 19th. They set a “strong-buy” rating and a $21.00 target price on the stock. Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating in a report on Monday, August 1st. KeyCorp lowered their target price on shares of Bojangles from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, September 26th. Jefferies Group reissued a “buy” rating and set a $21.00 target price (down previously from $22.00) on shares of Bojangles in a report on Thursday, August 11th. Finally, Craig Hallum initiated coverage on shares of Bojangles in a report on Tuesday, September 20th. They set a “strong-buy” rating on the stock.
In related news, insider Kenneth E. Avery sold 4,521 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $18.50, for a total value of $83,638.50. Following the transaction, the insider now owns 4,521 shares of the company’s stock, valued at $83,638.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Eric Mcgrew Newman sold 29,125 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $18.27, for a total value of $532,113.75. Following the completion of the transaction, the vice president now directly owns 19,125 shares in the company, valued at approximately $349,413.75. The disclosure for this sale can be found here. 74.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOJA. Prudential Financial Inc. purchased a new position in Bojangles during the first quarter worth approximately $1,068,000. Landscape Capital Management L.L.C. raised its stake in Bojangles by 102.9% in the first quarter. Landscape Capital Management L.L.C. now owns 23,229 shares of the company’s stock valued at $395,000 after buying an additional 11,778 shares during the last quarter. BB&T Securities LLC raised its stake in Bojangles by 46.9% in the first quarter. BB&T Securities LLC now owns 50,903 shares of the company’s stock valued at $865,000 after buying an additional 16,263 shares during the last quarter. Geode Capital Management LLC raised its stake in Bojangles by 4.1% in the first quarter. Geode Capital Management LLC now owns 80,741 shares of the company’s stock valued at $1,373,000 after buying an additional 3,183 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in Bojangles during the first quarter valued at about $932,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.
Bojangles (NASDAQ:BOJA) last issued its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bojangles had a net margin of 6.76% and a return on equity of 20.17%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $132.77 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice.
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