Zacks Investment Research upgraded shares of Bojangles (NASDAQ:BOJA) from a sell rating to a hold rating in a report released on Friday, January 5th.
According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “
BOJA has been the subject of a number of other reports. TheStreet cut Bojangles from a c- rating to a d+ rating in a research note on Friday, October 13th. Stephens cut Bojangles from an overweight rating to an equal weight rating in a research note on Wednesday, October 11th. Cowen cut Bojangles from an outperform rating to a market perform rating and set a $23.00 target price for the company. in a research note on Friday, October 20th. SunTrust Banks reissued a buy rating and set a $19.00 target price on shares of Bojangles in a research note on Wednesday, January 3rd. Finally, Jefferies Group cut Bojangles from a buy rating to a hold rating and lowered their target price for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $16.75.
Bojangles (NASDAQ:BOJA) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The company had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $133.88 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. equities research analysts anticipate that Bojangles will post 0.78 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Amica Retiree Medical Trust purchased a new stake in Bojangles during the 3rd quarter worth about $119,000. Victory Capital Management Inc. lifted its holdings in Bojangles by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after buying an additional 1,139 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Bojangles by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after buying an additional 3,852 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Bojangles by 30.5% during the 2nd quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock worth $223,000 after buying an additional 3,200 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Bojangles during the 3rd quarter worth about $223,000. 89.55% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by BBNS and is owned by of BBNS. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://baseballnewssource.com/markets/bojangles-boja-raised-to-hold-at-zacks-investment-research/1818627.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bojangles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles and related companies with MarketBeat.com's FREE daily email newsletter.