Zacks Investment Research Upgrades Bojangles’ Famous Chicken ‘n Biscuits (BOJA) to Hold

Zacks Investment Research upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) from a sell rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “

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Several other equities analysts have also issued reports on the company. SunTrust Banks reaffirmed a buy rating and set a $19.00 price target on shares of Bojangles’ Famous Chicken ‘n Biscuits in a research note on Wednesday, January 3rd. Jefferies Group lowered Bojangles’ Famous Chicken ‘n Biscuits from a buy rating to a hold rating and cut their price target for the company from $16.00 to $13.00 in a research note on Friday, December 22nd. ValuEngine raised Bojangles’ Famous Chicken ‘n Biscuits from a hold rating to a buy rating in a research note on Friday, December 22nd. BidaskClub raised Bojangles’ Famous Chicken ‘n Biscuits from a sell rating to a hold rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus upped their price target on Bojangles’ Famous Chicken ‘n Biscuits from $11.00 to $14.00 and gave the company a hold rating in a research note on Monday, March 19th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Bojangles’ Famous Chicken ‘n Biscuits currently has an average rating of Hold and an average price target of $16.14.

Bojangles’ Famous Chicken ‘n Biscuits stock opened at $14.05 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $507.73, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.48. Bojangles’ Famous Chicken ‘n Biscuits has a 52 week low of $11.35 and a 52 week high of $22.35.

Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) last posted its quarterly earnings data on Tuesday, March 6th. The restaurant operator reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $148.10 million for the quarter, compared to analyst estimates of $146.76 million. Bojangles’ Famous Chicken ‘n Biscuits had a return on equity of 13.17% and a net margin of 13.15%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. research analysts anticipate that Bojangles’ Famous Chicken ‘n Biscuits will post 0.68 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter valued at about $145,000. Engineers Gate Manager LP bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter valued at about $153,000. PEAK6 Investments L.P. bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter valued at about $198,000. Gotham Asset Management LLC increased its holdings in Bojangles’ Famous Chicken ‘n Biscuits by 35.5% in the fourth quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 4,464 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter valued at about $273,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

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Bojangles’ Famous Chicken ‘n Biscuits 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 December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.

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