Bojangles Inc. (NASDAQ:BOJA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “
Several other equities analysts have also recently issued reports on BOJA. Jefferies Group decreased their price target on Bojangles from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, August 5th. KeyCorp decreased their price target on Bojangles from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, September 26th. CL King started coverage on Bojangles in a report on Monday, September 19th. They issued a “strong-buy” rating and a $21.00 price target on the stock. Craig Hallum started coverage on Bojangles in a report on Tuesday, September 20th. They issued a “strong-buy” rating on the stock. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $16.00 price target (down previously from $17.00) on shares of Bojangles in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.18.
Bojangles (NASDAQ:BOJA) opened at 15.82 on Tuesday. The stock has a market cap of $574.84 million, a PE ratio of 17.01 and a beta of 1.80. Bojangles has a 1-year low of $13.39 and a 1-year high of $19.75. The firm’s 50-day moving average price is $15.98 and its 200 day moving average price is $17.02.
Bojangles (NASDAQ:BOJA) last announced its earnings results on Monday, August 8th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $132.77 million. Bojangles had a return on equity of 20.17% and a net margin of 6.76%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities research analysts expect that Bojangles will post $0.90 EPS for the current year.
In other news, Director William A. Kussell sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $16.73, for a total transaction of $418,250.00. Following the sale, the director now owns 140,896 shares of the company’s stock, valued at $2,357,190.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Eric Mcgrew Newman sold 29,125 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.27, for a total value of $532,113.75. Following the sale, 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. Insiders own 74.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake 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 worth $395,000 after buying an additional 11,778 shares in 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 worth $865,000 after buying an additional 16,263 shares in 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 worth $1,373,000 after buying an additional 3,183 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in Bojangles during the first quarter worth approximately $932,000. 86.79% of the stock is currently owned by institutional investors.
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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