Bojangles (BOJA) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Bojangles (NASDAQ:BOJA) from a strong sell rating to a sell rating in a research note released on Thursday, January 4th.

A number of other brokerages have also commented on BOJA. SunTrust Banks reaffirmed a buy rating and set a $17.00 price objective on shares of Bojangles in a research report on Friday, November 3rd. Royal Bank of Canada cut their price objective on shares of Bojangles from $16.00 to $14.00 and set a sector perform rating for the company in a research report on Thursday, November 2nd. ValuEngine lowered shares of Bojangles from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Barclays cut their price objective on shares of Bojangles from $15.00 to $14.00 and set an equal weight rating for the company in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus assumed coverage on shares of Bojangles in a research report on Monday, October 2nd. They issued a hold rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $16.75.

Bojangles (BOJA) remained flat at $$12.70 during mid-day trading on Thursday. 308,000 shares of the stock were exchanged, compared to its average volume of 514,856. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a market capitalization of $470.78, a P/E ratio of 14.77, a PEG ratio of 1.48 and a beta of 1.97.

Bojangles (NASDAQ:BOJA) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The company had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $133.88 million. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. research analysts predict that Bojangles will post 0.78 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BOJA. FMR LLC increased its holdings in shares of Bojangles by 15.0% during the second quarter. FMR LLC now owns 3,109,039 shares of the restaurant operator’s stock worth $50,522,000 after buying an additional 406,647 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Bojangles by 1,301.7% during the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock worth $5,677,000 after buying an additional 390,547 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bojangles by 60.1% during the third quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock worth $6,846,000 after buying an additional 190,369 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Bojangles by 9.5% during the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock worth $22,145,000 after buying an additional 118,281 shares in the last quarter. Finally, Penn Capital Management Co. Inc. increased its holdings in shares of Bojangles by 61.5% during the second quarter. Penn Capital Management Co. Inc. now owns 226,906 shares of the restaurant operator’s stock worth $3,687,000 after buying an additional 86,394 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

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About Bojangles

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.

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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