US Bancorp DE Has $103,000 Position in Bojangles Inc (BOJA)

US Bancorp DE cut its holdings in Bojangles Inc (NASDAQ:BOJA) by 50.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,604 shares of the restaurant operator’s stock after selling 6,783 shares during the quarter. US Bancorp DE’s holdings in Bojangles were worth $103,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP grew its stake in shares of Bojangles by 215.1% in the third quarter. First Trust Advisors LP now owns 40,208 shares of the restaurant operator’s stock valued at $631,000 after buying an additional 27,447 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of Bojangles by 0.6% in the third quarter. Tributary Capital Management LLC now owns 916,045 shares of the restaurant operator’s stock valued at $14,382,000 after buying an additional 5,367 shares in the last quarter. Eidelman Virant Capital acquired a new stake in shares of Bojangles in the third quarter valued at about $1,256,000. California Public Employees Retirement System acquired a new stake in shares of Bojangles in the second quarter valued at about $173,000. Finally, Millennium Management LLC grew its stake in shares of Bojangles by 30.1% in the second quarter. Millennium Management LLC now owns 382,266 shares of the restaurant operator’s stock valued at $5,505,000 after buying an additional 88,343 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

BOJA has been the subject of a number of recent research reports. SunTrust Banks lowered Bojangles from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, November 9th. ValuEngine raised Bojangles from a “hold” rating to a “buy” rating in a report on Friday, September 28th. BidaskClub raised Bojangles from a “strong sell” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded Bojangles from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Finally, KeyCorp began coverage on Bojangles in a report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.

Shares of BOJA opened at $16.09 on Friday. The stock has a market capitalization of $603.03 million, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.82 and a beta of 1.16. Bojangles Inc has a one year low of $11.35 and a one year high of $17.10. 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 (NASDAQ:BOJA) last issued its quarterly earnings results on Thursday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $138.67 million during the quarter, compared to the consensus estimate of $136.29 million. Bojangles had a return on equity of 9.95% and a net margin of 9.42%. On average, research analysts anticipate that Bojangles Inc will post 0.71 EPS for the current year.

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About Bojangles

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.

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Institutional Ownership by Quarter for Bojangles (NASDAQ:BOJA)

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