Bojangles (BOJA) Stock Price Down 5.5%

Bojangles Inc (NASDAQ:BOJA) dropped 5.5% during trading on Tuesday . The company traded as low as $11.75 and last traded at $12.00. Approximately 834,290 shares changed hands during trading, an increase of 53% from the average daily volume of 546,799 shares. The stock had previously closed at $12.70.

BOJA has been the topic of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of Bojangles in a research report on Wednesday, January 3rd. ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. TheStreet lowered Bojangles from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Barclays decreased their price target on Bojangles from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, Stephens lowered Bojangles from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Bojangles currently has a consensus rating of “Hold” and an average price target of $16.75.

The firm has a market capitalization of $444.83 and a PE ratio of 13.95. 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 announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $133.40 million for the quarter, compared to analyst estimates of $133.88 million. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. equities analysts forecast that Bojangles Inc will post 0.78 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Skylands Capital LLC boosted its position in Bojangles by 39.6% in the 4th quarter. Skylands Capital LLC now owns 79,000 shares of the restaurant operator’s stock valued at $932,000 after buying an additional 22,426 shares during the last quarter. OxFORD Asset Management LLP boosted its position in Bojangles by 27.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 145,482 shares of the restaurant operator’s stock valued at $1,993,000 after buying an additional 31,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Bojangles by 60.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after buying an additional 190,369 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Bojangles by 5.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 76,212 shares of the restaurant operator’s stock valued at $1,029,000 after buying an additional 4,195 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Bojangles by 23.1% in the 3rd quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock valued at $1,247,000 after buying an additional 17,317 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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