Bojangles Inc (NASDAQ:BOJA) has received an average rating of “Buy” from the thirteen brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.33.
A number of research firms recently commented on BOJA. Zacks Investment Research lowered shares of Bojangles from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Wells Fargo & Co lifted their price target on shares of Bojangles from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 8th. Barclays PLC restated an “equal weight” rating and issued a $19.00 price target (down previously from $20.00) on shares of Bojangles in a research report on Wednesday, March 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target (down previously from $21.00) on shares of Bojangles in a research report on Wednesday, March 8th. Finally, Cowen and Company assumed coverage on shares of Bojangles in a research note on Tuesday, March 14th. They issued an “outperform” rating and a $23.00 price objective for the company.
Several hedge funds have recently modified their holdings of BOJA. Tributary Capital Management LLC acquired a new stake in shares of Bojangles during the third quarter valued at $6,775,000. FMR LLC raised its stake in shares of Bojangles by 63.2% in the fourth quarter. FMR LLC now owns 968,037 shares of the restaurant operator’s stock valued at $18,054,000 after buying an additional 374,832 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Bojangles during the fourth quarter valued at $5,856,000. Renaissance Technologies LLC raised its stake in shares of Bojangles by 569.0% in the fourth quarter. Renaissance Technologies LLC now owns 273,625 shares of the restaurant operator’s stock valued at $5,103,000 after buying an additional 232,725 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Bojangles during the fourth quarter valued at $3,664,000. Institutional investors and hedge funds own 87.56% of the company’s stock.
Bojangles (NASDAQ:BOJA) traded up 1.70% during mid-day trading on Monday, hitting $20.90. The stock had a trading volume of 162,265 shares. The stock has a market cap of $764.15 million, a P/E ratio of 20.90 and a beta of 2.11. The company has a 50 day moving average price of $19.76 and a 200 day moving average price of $18.82. Bojangles has a one year low of $14.55 and a one year high of $21.85.
Bojangles (NASDAQ:BOJA) last posted its quarterly earnings data on Tuesday, March 7th. The restaurant operator reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. Bojangles had a net margin of 6.86% and a return on equity of 19.49%. The business had revenue of $139.40 million for the quarter, compared to analyst estimates of $140.32 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Bojangles will post $0.93 EPS for the current year.
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.
Receive News & Ratings for Bojangles Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles Inc and related companies with MarketBeat.com's FREE daily email newsletter.