Bojangles’, Inc. (BOJA) Stock Rating Reaffirmed by SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Bojangles’, Inc. (NASDAQ:BOJA) in a report released on Friday, November 3rd. They currently have a $17.00 target price on the restaurant operator’s stock. SunTrust Banks also issued estimates for Bojangles”s Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.79 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.81 EPS.

Several other equities analysts have also recently weighed in on BOJA. Royal Bank Of Canada cut their price target on Bojangles’ from $16.00 to $14.00 and set a sector perform rating for the company in a report on Thursday, November 2nd. Cowen and Company lowered Bojangles’ from an outperform rating to a market perform rating and set a $23.00 target price for the company. in a research report on Friday, October 20th. Barclays PLC decreased their target price on Bojangles’ from $15.00 to $14.00 and set an equal weight rating for the company in a research report on Wednesday, October 18th. TheStreet downgraded Bojangles’ from a c- rating to a d+ rating in a report on Friday, October 13th. Finally, Stephens cut Bojangles’ from an overweight rating to an equal weight rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Bojangles’ currently has a consensus rating of Hold and an average target price of $17.38.

Shares of Bojangles’ (BOJA) opened at $12.50 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The firm has a market cap of $470.78, a PE ratio of 14.43, a P/E/G ratio of 1.45 and a beta of 1.91. Bojangles’ has a 52-week low of $11.60 and a 52-week high of $22.35.

Bojangles’ (NASDAQ:BOJA) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the Zacks’ 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 the consensus estimate of $133.88 million. During the same quarter in the previous year, the company posted $0.25 EPS. Bojangles”s quarterly revenue was up .2% compared to the same quarter last year. analysts expect that Bojangles’ will post 0.78 EPS for the current fiscal year.

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Bojangles’ declared that its board has initiated a share repurchase plan on Wednesday, November 1st that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in the company. Credit Suisse AG lifted its holdings in Bojangles’ by 99.8% during the 1st quarter. Credit Suisse AG now owns 29,667 shares of the restaurant operator’s stock valued at $608,000 after purchasing an additional 14,819 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Bojangles’ by 85.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 60,161 shares of the restaurant operator’s stock valued at $1,234,000 after purchasing an additional 27,727 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bojangles’ by 364.3% during the first quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock valued at $5,302,000 after purchasing an additional 202,933 shares during the period. Tributary Capital Management LLC grew its holdings in Bojangles’ by 11.7% during the second quarter. Tributary Capital Management LLC now owns 873,850 shares of the restaurant operator’s stock valued at $14,200,000 after purchasing an additional 91,818 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Bojangles’ by 191.7% in the second quarter. Citadel Advisors LLC now owns 70,264 shares of the restaurant operator’s stock valued at $1,142,000 after buying an additional 46,174 shares in the last quarter. 91.48% of the stock is 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.

Analyst Recommendations for Bojangles` (NASDAQ:BOJA)

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