SunTrust Banks Reiterates Buy Rating for Bojangles (BOJA)

SunTrust Banks reiterated their buy rating on shares of Bojangles (NASDAQ:BOJA) in a report published on Wednesday. SunTrust Banks currently has a $19.00 price target on the restaurant operator’s stock. SunTrust Banks also issued estimates for Bojangles’ Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.98 EPS and FY2019 earnings at $1.09 EPS.

A number of other equities research analysts also recently weighed in on the company. Jefferies Group downgraded Bojangles from a buy rating to a hold rating and decreased their target price for the stock from $16.00 to $13.00 in a research report on Saturday, December 30th. ValuEngine raised Bojangles from a hold rating to a buy rating in a research report on Friday, December 22nd. Royal Bank of Canada decreased their target price on Bojangles from $16.00 to $14.00 and set a sector perform rating on the stock in a research report on Thursday, November 2nd. Cowen downgraded Bojangles from an outperform rating to a market perform rating and set a $23.00 target price on the stock. in a research report on Friday, October 20th. Finally, Barclays cut 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Bojangles presently has an average rating of Hold and an average price target of $16.75.

Bojangles (BOJA) traded up $0.10 during mid-day trading on Wednesday, reaching $13.15. The company had a trading volume of 342,519 shares, compared to its average volume of 374,065. Bojangles has a fifty-two week low of $11.45 and a fifty-two week high of $22.35. The firm has a market capitalization of $487.46, a P/E ratio of 15.29, a PEG ratio of 1.54 and a beta of 1.97. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66.

Bojangles (NASDAQ:BOJA) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The business had revenue of $133.40 million for the quarter, compared to the consensus estimate of $133.88 million. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts predict that Bojangles will post 0.78 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in BOJA. FMR LLC lifted 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 worth $50,522,000 after purchasing an additional 406,647 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Bojangles by 1,301.7% in the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after acquiring an additional 390,547 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bojangles by 60.1% in the third quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after acquiring an additional 190,369 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bojangles by 9.5% in the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock valued at $22,145,000 after acquiring an additional 118,281 shares during the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of Bojangles by 61.5% in the second quarter. Penn Capital Management Co. Inc. now owns 226,906 shares of the restaurant operator’s stock valued at $3,687,000 after acquiring an additional 86,394 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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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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