BB&T Securities LLC Cuts Stake in Bojangles Inc (BOJA)

BB&T Securities LLC reduced its position in Bojangles Inc (NASDAQ:BOJA) by 43.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,416 shares of the restaurant operator’s stock after selling 13,300 shares during the quarter. BB&T Securities LLC’s holdings in Bojangles were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOJA. Ancora Advisors LLC purchased a new position in shares of Bojangles in the 1st quarter worth about $194,000. Tributary Capital Management LLC boosted its holdings in shares of Bojangles by 8.6% in the 2nd quarter. Tributary Capital Management LLC now owns 987,248 shares of the restaurant operator’s stock worth $14,216,000 after purchasing an additional 77,906 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Bojangles in the 2nd quarter worth about $184,000. IndexIQ Advisors LLC boosted its holdings in shares of Bojangles by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 157,933 shares of the restaurant operator’s stock worth $2,274,000 after purchasing an additional 12,639 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Bojangles by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares in the last quarter. Hedge funds and other institutional investors own 90.90% of the company’s stock.

Several brokerages recently weighed in on BOJA. TheStreet cut Bojangles from a “b-” rating to a “c+” rating in a report on Monday, July 30th. BidaskClub cut Bojangles from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Zacks Investment Research cut Bojangles from a “buy” rating to a “hold” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.86.

Shares of BOJA stock opened at $13.65 on Wednesday. The stock has a market cap of $486.79 million, a P/E ratio of 16.45, a P/E/G ratio of 1.55 and a beta of 1.43. Bojangles Inc has a 1-year low of $11.35 and a 1-year high of $16.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.70 and a quick ratio of 0.64.

Bojangles (NASDAQ:BOJA) last issued its earnings results on Thursday, August 2nd. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The company had revenue of $140.50 million for the quarter, compared to analysts’ expectations of $140.34 million. Bojangles had a net margin of 11.24% and a return on equity of 9.91%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. equities research analysts expect that Bojangles Inc will post 0.68 EPS for the current fiscal year.

Bojangles 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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Institutional Ownership by Quarter for Bojangles (NASDAQ:BOJA)

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