William Blair cut shares of Bojangles’, Inc. (NASDAQ:BOJA) from an outperform rating to a market perform rating in a report issued on Friday, July 28th, MarketBeat reports. William Blair also issued estimates for Bojangles”s Q4 2017 earnings at $0.22 EPS.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Bojangles’ from a c rating to a b- rating in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a buy rating and set a $23.00 price objective on shares of Bojangles’ in a report on Wednesday, April 12th. Zacks Investment Research raised shares of Bojangles’ from a strong sell rating to a hold rating in a research note on Tuesday, May 9th. Piper Jaffray Companies reissued a hold rating and issued a $18.00 price target on shares of Bojangles’ in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Bojangles’ from a sell rating to a strong sell rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $19.44.
Shares of Bojangles’ (NASDAQ BOJA) traded down 2.55% during mid-day trading on Friday, reaching $13.40. 269,274 shares of the company’s stock traded hands. The company’s 50 day moving average is $15.55 and its 200 day moving average is $18.45. Bojangles’ has a 12-month low of $12.85 and a 12-month high of $22.35. The company has a market cap of $495.79 million, a P/E ratio of 14.27 and a beta of 1.98.
Bojangles’ (NASDAQ:BOJA) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $134.40 million for 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. On average, analysts predict that Bojangles’ will post $0.82 EPS for the current fiscal year.
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In other Bojangles’ 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 transaction of $386,750.00. Following the transaction, the director now directly owns 71,332 shares of the company’s stock, valued at $1,103,506.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 100,000 shares of company stock worth $1,650,250 over the last ninety days. 55.30% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of BOJA. American International Group Inc. increased its position in shares of Bojangles’ by 7.0% in the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after buying an additional 392 shares during the period. Victory Capital Management Inc. increased its position in shares of Bojangles’ by 43.6% in the first 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 purchased a new position in shares of Bojangles’ during the second quarter worth approximately $143,000. Alliancebernstein L.P. purchased a new position in shares of Bojangles’ during the first quarter worth approximately $215,000. Finally, Trexquant Investment LP purchased a new position in shares of Bojangles’ during the second quarter worth approximately $205,000. 92.64% of the stock is currently owned by institutional investors.
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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