Bojangles’, Inc. (NASDAQ:BOJA) had its price objective reduced by Royal Bank Of Canada from $16.00 to $14.00 in a note issued to investors on Thursday. The firm currently has a “sector perform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.24% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Bojangles’ in a research note on Sunday, July 30th. SunTrust Banks, Inc. restated a “buy” rating and issued a $21.00 price target on shares of Bojangles’ in a research note on Thursday, October 12th. TheStreet lowered shares of Bojangles’ from a “c-” rating to a “d+” rating in a research note on Friday, October 13th. Barclays PLC dropped their price target on shares of Bojangles’ from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Finally, Stephens lowered shares of Bojangles’ from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.38.
Bojangles’ (BOJA) traded up $0.60 during trading on Thursday, reaching $12.70. The company had a trading volume of 495,507 shares, compared to its average volume of 567,889. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The firm has a market cap of $468.93 million, a P/E ratio of 14.38, a PEG ratio of 1.44 and a beta of 1.91.
Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $133.40 million during the quarter, compared to analyst estimates of $133.88 million. Bojangles’ had a net margin of 6.13% and a return on equity of 15.11%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. sell-side analysts anticipate that Bojangles’ will post 0.78 EPS for the current year.
Bojangles’ announced that its board has authorized a stock repurchase plan on Wednesday, November 1st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Bojangles’ by 15.0% during the second quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock valued at $50,522,000 after purchasing an additional 406,647 shares during the last quarter. Vanguard Group Inc. increased its stake in Bojangles’ by 9.5% during the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock valued at $22,145,000 after purchasing an additional 118,281 shares during the last quarter. Tributary Capital Management LLC increased its stake in Bojangles’ by 11.7% during the second quarter. Tributary Capital Management LLC now owns 873,850 shares of the restaurant operator’s stock valued at $14,200,000 after purchasing an additional 91,818 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bojangles’ by 22.5% during the second quarter. Dimensional Fund Advisors LP now owns 316,704 shares of the restaurant operator’s stock valued at $5,147,000 after purchasing an additional 58,071 shares during the last quarter. Finally, State Street Corp increased its stake in Bojangles’ by 52.0% during the second quarter. State Street Corp now owns 235,337 shares of the restaurant operator’s stock valued at $3,828,000 after purchasing an additional 80,483 shares during the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
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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