Bojangles’ Famous Chicken ‘n Biscuits (BOJA) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits from $11.00 to $14.00 and gave the stock a hold rating in a research note on Monday, March 19th. Zacks Investment Research upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a sell rating to a hold rating in a research note on Friday, January 5th. BidaskClub upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a hold rating to a buy rating in a research note on Wednesday, March 7th. SunTrust Banks set a $17.00 price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits and gave the stock a buy rating in a research note on Tuesday, March 6th. They noted that the move was a valuation call. Finally, Barclays increased their price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits from $13.00 to $14.00 and gave the stock an equal weight rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $16.14.

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BOJA traded down $0.13 on Monday, hitting $13.87. 31,507 shares of the company’s stock were exchanged, compared to its average volume of 449,351. The firm has a market cap of $505.90, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.48. Bojangles’ Famous Chicken ‘n Biscuits has a twelve month low of $11.35 and a twelve month high of $22.35. The company has a quick ratio of 0.57, a current ratio of 0.66 and a debt-to-equity ratio of 0.51.

Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) last released its quarterly earnings data on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $148.10 million for the quarter, compared to analyst estimates of $146.76 million. Bojangles’ Famous Chicken ‘n Biscuits had a net margin of 13.15% and a return on equity of 13.17%. Bojangles’ Famous Chicken ‘n Biscuits’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. research analysts anticipate that Bojangles’ Famous Chicken ‘n Biscuits will post 0.68 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. Gotham Asset Management LLC increased its stake in shares of Bojangles’ Famous Chicken ‘n Biscuits by 35.5% in the fourth quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 4,464 shares during the period. PEAK6 Investments L.P. acquired a new stake in shares of Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter valued at approximately $198,000. TIAA CREF Investment Management LLC increased its stake in shares of Bojangles’ Famous Chicken ‘n Biscuits by 34.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 91,787 shares of the restaurant operator’s stock valued at $1,083,000 after purchasing an additional 23,378 shares during the period. Two Sigma Investments LP increased its stake in shares of Bojangles’ Famous Chicken ‘n Biscuits by 992.1% in the fourth quarter. Two Sigma Investments LP now owns 273,016 shares of the restaurant operator’s stock valued at $3,222,000 after purchasing an additional 248,016 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Bojangles’ Famous Chicken ‘n Biscuits by 18.6% in the fourth quarter. Two Sigma Advisers LP now owns 246,304 shares of the restaurant operator’s stock valued at $2,906,000 after purchasing an additional 38,600 shares during the period. Institutional investors own 92.70% of the company’s stock.

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Bojangles’ Famous Chicken ‘n Biscuits Company Profile

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 December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bojangles` Famous Chicken `n Biscuits (NASDAQ:BOJA)

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