Bojangles’, Inc. (BOJA) Given Average Rating of “Hold” by Brokerages

Bojangles’, Inc. (NASDAQ:BOJA) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.43.

A number of research analysts recently weighed in on BOJA shares. William Blair downgraded shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Bojangles’ from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price objective on shares of Bojangles’ in a research report on Friday, July 14th. BidaskClub downgraded shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Bojangles’ in a research report on Sunday, July 30th.

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In other news, Director James R. Kibler sold 25,000 shares of Bojangles’ stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $15.47, for a total value of $386,750.00. Following the completion of the transaction, the director now owns 71,332 shares of the company’s stock, valued at approximately $1,103,506.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 55.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. grew its position in shares of Bojangles’ by 7.0% in the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after acquiring an additional 392 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Bojangles’ by 43.6% during the 1st 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 during the period. IFP Advisors Inc bought a new stake in shares of Bojangles’ during the 2nd quarter worth about $143,000. Nationwide Fund Advisors boosted its holdings in shares of 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 period. Finally, Alliancebernstein L.P. bought a new stake in shares of Bojangles’ during the 1st quarter worth about $215,000. 91.26% of the stock is owned by institutional investors.

Shares of Bojangles’ (NASDAQ BOJA) traded up 1.13% during midday trading on Friday, reaching $13.45. 246,365 shares of the company were exchanged. Bojangles’ has a 52-week low of $12.85 and a 52-week high of $22.35. The stock has a 50-day moving average price of $13.50 and a 200 day moving average price of $13.50. The company has a market capitalization of $497.64 million, a P/E ratio of 14.31 and a beta of 1.97.

Bojangles’ (NASDAQ:BOJA) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.61 million. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. Equities research analysts expect that Bojangles’ will post $0.82 EPS for the current fiscal year.

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.

Analyst Recommendations for Bojangles` (NASDAQ:BOJA)

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