Bojangles Inc (BOJA) Given Consensus Recommendation of “Hold” by Analysts

Bojangles Inc (NASDAQ:BOJA) has been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. One equities research 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. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.75.

A number of equities analysts have recently commented on the company. TheStreet cut Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Stephens cut Bojangles from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Cowen cut Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Bojangles in a report on Wednesday, January 3rd. Finally, Jefferies Group cut Bojangles from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $13.00 in a report on Friday, December 22nd.

Several institutional investors have recently made changes to their positions in BOJA. FMR LLC boosted its holdings in shares of Bojangles by 15.0% in the 2nd 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. boosted its holdings in Bojangles by 1,301.7% during the 3rd 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 period. Clark Estates Inc. NY purchased a new position in Bojangles during the 4th quarter valued at $3,221,000. Dimensional Fund Advisors LP boosted its holdings in Bojangles by 60.1% during the 3rd 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 period. Finally, Vanguard Group Inc. boosted its holdings in Bojangles by 9.5% during the 2nd 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 period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Bojangles (NASDAQ BOJA) traded up $0.20 during midday trading on Tuesday, reaching $12.35. The company’s stock had a trading volume of 272,362 shares, compared to its average volume of 448,439. The stock has a market cap of $457.80, a PE ratio of 14.36, a PEG ratio of 1.46 and a beta of 1.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a fifty-two week low of $11.45 and a fifty-two week high of $22.35.

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

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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.

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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