Bojangles’, Inc. (NASDAQ:BOJA) Director Sells $410,250.00 in Stock

Bojangles’, Inc. (NASDAQ:BOJA) Director James R. Kibler sold 25,000 shares of Bojangles’ stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $16.41, for a total value of $410,250.00. Following the completion of the transaction, the director now owns 71,332 shares of the company’s stock, valued at approximately $1,170,558.12. The sale was disclosed in a document filed with the SEC, which is available at this link.

Bojangles’, Inc. (NASDAQ BOJA) traded down 15.02% during trading on Friday, reaching $13.30. The company’s stock had a trading volume of 2,417,996 shares. The firm’s 50-day moving average is $16.08 and its 200-day moving average is $18.67. The stock has a market cap of $498.28 million, a P/E ratio of 14.16 and a beta of 2.07. Bojangles’, Inc. has a 52-week low of $12.93 and a 52-week high of $22.35.

Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Bojangles’ had a return on equity of 17.44% and a net margin of 6.70%. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.61 million. During the same quarter last year, the company posted $0.27 earnings per share. Bojangles”s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Bojangles’, Inc. will post $0.90 EPS for the current year.

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Several large investors have recently modified their holdings of the company. Ellington Management Group LLC boosted its stake in shares of Bojangles’ by 0.9% in the fourth quarter. Ellington Management Group LLC now owns 10,800 shares of the restaurant operator’s stock worth $201,000 after buying an additional 100 shares in the last quarter. American International Group Inc. boosted its stake in shares of Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after buying an additional 392 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Bojangles’ by 43.6% in the first quarter. Victory Capital Management Inc. now owns 6,459 shares of the restaurant operator’s stock worth $132,000 after buying an additional 1,961 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Bojangles’ by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 19,571 shares of the restaurant operator’s stock worth $399,000 after buying an additional 2,321 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Bojangles’ by 5.2% in the fourth quarter. Martingale Asset Management L P now owns 49,321 shares of the restaurant operator’s stock worth $920,000 after buying an additional 2,427 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Several research analysts have recently commented on the company. William Blair lowered Bojangles’ from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research upgraded Bojangles’ from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 target price on shares of Bojangles’ in a research report on Friday, July 14th. BidaskClub lowered Bojangles’ from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, TheStreet lowered Bojangles’ from a “b-” rating to a “c” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.22.

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.

Insider Buying and Selling by Quarter for Bojangles` (NASDAQ:BOJA)

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