Bojangles (BOJA) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Bojangles (NASDAQ:BOJA) from a buy rating to a hold rating in a report released on Wednesday morning.

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Bojangles from a hold rating to a buy rating in a report on Friday, September 28th. Zacks Investment Research downgraded shares of Bojangles from a buy rating to a hold rating in a report on Monday, August 6th. SunTrust Banks downgraded shares of Bojangles from a buy rating to a hold rating and set a $16.00 price target on the stock. in a research note on Friday, November 9th. Finally, KeyCorp assumed coverage on shares of Bojangles in a research note on Wednesday, October 3rd. They issued a sector weight rating on the stock. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bojangles presently has an average rating of Hold and an average target price of $15.00.

NASDAQ:BOJA opened at $16.09 on Wednesday. Bojangles has a one year low of $11.35 and a one year high of $17.10. The firm has a market capitalization of $604.16 million, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 0.73.

Bojangles (NASDAQ:BOJA) last released its quarterly earnings data on Thursday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Bojangles had a net margin of 9.42% and a return on equity of 9.95%. The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $136.29 million. On average, analysts predict that Bojangles will post 0.71 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Bojangles by 4.6% in the third quarter. Vanguard Group Inc. now owns 1,505,072 shares of the restaurant operator’s stock valued at $23,629,000 after acquiring an additional 66,579 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in shares of Bojangles in the third quarter valued at about $4,774,000. Teachers Advisors LLC grew its stake in shares of Bojangles by 19.2% in the third quarter. Teachers Advisors LLC now owns 36,784 shares of the restaurant operator’s stock valued at $578,000 after acquiring an additional 5,921 shares in the last quarter. IndexIQ Advisors LLC grew its stake in shares of Bojangles by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 164,133 shares of the restaurant operator’s stock valued at $2,577,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of Bojangles in the third quarter valued at about $935,000. Institutional investors and hedge funds own 89.14% of the company’s stock.

Bojangles Company Profile

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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Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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