Bojangles’, Inc. (NASDAQ:BOJA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “
A number of other equities research analysts have also recently weighed in on BOJA. BidaskClub cut Bojangles’ from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price target on shares of Bojangles’ in a report on Friday. TheStreet raised Bojangles’ from a “c” rating to a “b-” rating in a report on Monday, May 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price target on shares of Bojangles’ in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.22.
Shares of Bojangles’ (NASDAQ:BOJA) traded up 0.32% during midday trading on Monday, hitting $15.80. The company’s stock had a trading volume of 137,503 shares. The firm has a 50-day moving average of $17.02 and a 200 day moving average of $19.18. The firm has a market cap of $578.22 million, a price-to-earnings ratio of 15.98 and a beta of 2.08. Bojangles’ has a 12-month low of $14.55 and a 12-month high of $22.35.
Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Bojangles’ had a return on equity of 18.44% and a net margin of 7.00%. The business had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $132.83 million. On average, equities research analysts predict that Bojangles’ will post $0.91 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Bojangles’, Inc. (BOJA) Upgraded to Hold at Zacks Investment Research” was published by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2723567/bojangles-inc-boja-upgraded-to-hold-at-zacks-investment-research.html.
In other news, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $16.41, for a total value of $410,250.00. Following the completion of the sale, the director now directly owns 71,332 shares of the company’s stock, valued at approximately $1,170,558.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP M John Jordan sold 56,289 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $17.84, for a total value of $1,004,195.76. Following the completion of the sale, the vice president now directly owns 56,289 shares of the company’s stock, valued at $1,004,195.76. The disclosure for this sale can be found here. Insiders sold a total of 131,289 shares of company stock valued at $2,267,696 over the last three months. Company insiders own 55.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in Bojangles’ by 179.2% in the first quarter. FMR LLC now owns 2,702,392 shares of the restaurant operator’s stock valued at $55,398,000 after buying an additional 1,734,355 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in Bojangles’ during the first quarter valued at approximately $15,723,000. Renaissance Technologies LLC increased its stake in Bojangles’ by 569.0% in the fourth quarter. Renaissance Technologies LLC now owns 273,625 shares of the restaurant operator’s stock valued at $5,103,000 after buying an additional 232,725 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Bojangles’ during the first quarter valued at approximately $4,455,000. Finally, Dimensional Fund Advisors LP increased its stake in Bojangles’ by 364.3% in the first quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock valued at $5,302,000 after buying an additional 202,933 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.
Bojangles’ Company Profile
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bojangles' Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles' Inc. and related companies with MarketBeat.com's FREE daily email newsletter.