Bojangles (BOJA) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research downgraded shares of Bojangles (NASDAQ:BOJA) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “

Several other brokerages also recently weighed in on BOJA. BidaskClub downgraded shares of Bojangles from a buy rating to a hold rating in a research report on Wednesday, November 28th. SunTrust Banks downgraded shares of Bojangles from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research report on Friday, November 9th. KeyCorp began coverage on shares of Bojangles in a research report on Wednesday, October 3rd. They set a sector weight rating for the company. Finally, ValuEngine upgraded shares of Bojangles from a hold rating to a buy rating in a research report on Friday, September 28th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $15.50.

Shares of NASDAQ:BOJA remained flat at $$16.08 during trading on Wednesday. 2,793,023 shares of the stock traded hands, compared to its average volume of 760,662. The stock has a market cap of $604.16 million, a P/E ratio of 19.37, a PEG ratio of 1.64 and a beta of 0.92. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.40. Bojangles has a twelve month low of $11.35 and a twelve month high of $17.10.

Bojangles (NASDAQ:BOJA) last issued its quarterly earnings data on Thursday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $136.29 million. Bojangles had a net margin of 9.42% and a return on equity of 9.95%. As a group, equities research analysts expect that Bojangles will post 0.71 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BOJA. Harvest Management LLC purchased a new stake in Bojangles in the 3rd quarter valued at $157,000. California Public Employees Retirement System purchased a new stake in Bojangles in the 2nd quarter valued at $173,000. Stone Ridge Asset Management LLC purchased a new stake in Bojangles in the 3rd quarter valued at $182,000. First Trust Advisors LP purchased a new stake in Bojangles in the 2nd quarter valued at $184,000. Finally, Rhumbline Advisers raised its position in Bojangles by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 90.97% of the company’s stock.

Bojangles 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 July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.

See Also: Quick Ratio

Get a free copy of the Zacks research report on Bojangles (BOJA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

Receive News & Ratings for Bojangles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Achain Market Capitalization Reaches $5.77 Million
Achain Market Capitalization Reaches $5.77 Million
Vertcoin  Price Tops $0.24
Vertcoin Price Tops $0.24
Zacks: Brokerages Expect Automatic Data Processing  Will Post Earnings of $1.18 Per Share
Zacks: Brokerages Expect Automatic Data Processing Will Post Earnings of $1.18 Per Share
Dave & Buster’s Entertainment Inc  Receives Average Recommendation of “Buy” from Brokerages
Dave & Buster’s Entertainment Inc Receives Average Recommendation of “Buy” from Brokerages
IslaCoin Price Hits $0.17 on Exchanges
IslaCoin Price Hits $0.17 on Exchanges
WP Carey Inc  Given Average Recommendation of “Hold” by Brokerages
WP Carey Inc Given Average Recommendation of “Hold” by Brokerages


Leave a Reply

© 2006-2019 Ticker Report