Bojangles’, Inc. (NASDAQ:BOJA) had its price target lowered by research analysts at Royal Bank Of Canada from $16.00 to $14.00 in a research note issued to investors on Thursday, November 2nd, MarketBeat Ratings reports. The firm currently has a “sector perform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 10.06% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on BOJA. BidaskClub cut Bojangles’ from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price objective on shares of Bojangles’ in a research note on Friday, July 14th. Zacks Investment Research upgraded Bojangles’ from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. William Blair cut Bojangles’ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of Bojangles’ in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.38.
Bojangles’ (BOJA) traded down $0.23 on Thursday, reaching $12.72. 257,414 shares of the company’s stock were exchanged, compared to its average volume of 317,621. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market cap of $471.71 and a P/E ratio of 14.77. Bojangles’ has a 1 year low of $11.60 and a 1 year high of $22.35.
Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $133.88 million. Bojangles’ had a net margin of 6.13% and a return on equity of 15.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. sell-side analysts forecast that Bojangles’ will post 0.78 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in Bojangles’ by 179.2% in the first quarter. FMR LLC now owns 2,702,392 shares of the restaurant operator’s stock worth $55,398,000 after purchasing an additional 1,734,355 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Bojangles’ by 1,301.7% in the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock worth $5,677,000 after acquiring an additional 390,547 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Bojangles’ in the first quarter worth $4,455,000. Dimensional Fund Advisors LP grew its stake in shares of Bojangles’ by 364.3% in the first quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock worth $5,302,000 after acquiring an additional 202,933 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Bojangles’ by 9.5% in the second quarter. Vanguard Group Inc. now owns 1,362,803 shares of the restaurant operator’s stock worth $22,145,000 after acquiring an additional 118,281 shares during the last quarter. Institutional investors own 92.09% of the company’s stock.
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.
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