Bojangles’, Inc. (BOJA) Earns Buy Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their buy rating on shares of Bojangles’, Inc. (NASDAQ:BOJA) in a research report report published on Friday, November 3rd. The brokerage currently has a $17.00 price objective 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 research firms also recently commented on BOJA. Royal Bank Of Canada cut their target price on Bojangles’ from $16.00 to $14.00 and set a sector perform rating for the company in a research report on Thursday, November 2nd. Cowen and Company downgraded 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 dropped their price target on Bojangles’ from $15.00 to $14.00 and set an equal weight rating for the company in a report on Wednesday, October 18th. TheStreet cut 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 assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $17.38.

Bojangles’ (BOJA) traded down $0.03 during trading hours on Friday, reaching $12.70. The company had a trading volume of 190,472 shares, compared to its average volume of 317,059. The firm has a market capitalization of $470.78 and a price-to-earnings ratio of 14.72. Bojangles’ has a 52-week low of $11.60 and a 52-week high of $22.35. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.

Bojangles’ (NASDAQ:BOJA) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the 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 for the quarter, compared to analyst estimates of $133.88 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue was up .2% compared to the same quarter last year. sell-side analysts anticipate that Bojangles’ will post 0.78 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of BOJA. FMR LLC lifted its holdings in 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 acquiring an additional 406,647 shares in the last quarter. Russell Investments Group Ltd. increased its position 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 valued at $5,677,000 after acquiring an additional 390,547 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Bojangles’ in the first quarter valued at about $4,455,000. Dimensional Fund Advisors LP increased its position 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 valued at $5,302,000 after acquiring an additional 202,933 shares during the last quarter. Finally, Vanguard Group Inc. increased its position 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 valued at $22,145,000 after acquiring an additional 118,281 shares during the last quarter. Hedge funds and other institutional investors own 92.09% of the company’s stock.

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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