SunTrust Banks set a $17.00 price target on Bojangles (NASDAQ:BOJA) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Bojangles’ Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.76 EPS, FY2019 earnings at $1.00 EPS and FY2019 earnings at $0.90 EPS. The analysts noted that the move was a valuation call.
A number of other research firms have also weighed in on BOJA. Zacks Investment Research raised Bojangles from a sell rating to a hold rating in a research report on Friday, January 5th. BidaskClub raised Bojangles from a strong sell rating to a sell rating in a research report on Thursday, January 4th. ValuEngine lowered Bojangles from a buy rating to a hold rating in a research report on Wednesday, January 3rd. TheStreet raised Bojangles from a d+ rating to a c- rating in a research report on Monday, February 26th. Finally, Jefferies Group lowered Bojangles from a buy rating to a hold rating and reduced their price objective for the company from $16.00 to $13.00 in a research report on Saturday, December 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $15.71.
Bojangles (BOJA) opened at $14.85 on Tuesday. The company has a market capitalization of $524.23, a P/E ratio of 17.23, a PEG ratio of 1.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a one year low of $11.35 and a one year high of $22.35.
Hedge funds have recently bought and sold shares of the stock. Amica Retiree Medical Trust bought a new stake in shares of Bojangles in the 3rd quarter worth $119,000. Investors Research Corp bought a new stake in shares of Bojangles in the 4th quarter worth $145,000. Engineers Gate Manager LP bought a new stake in shares of Bojangles in the 4th quarter worth $153,000. Nationwide Fund Advisors increased its holdings in shares of Bojangles by 65.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares in the last quarter. Finally, PEAK6 Investments L.P. bought a new stake in shares of Bojangles in the 4th quarter worth $198,000. 91.25% of the stock is owned by institutional investors.
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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.
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