Shares of Bojangles Inc (NASDAQ:BOJA) have received an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.88.
Several equities analysts have recently commented on BOJA shares. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of Bojangles in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group lowered shares of Bojangles from a “buy” rating to a “hold” rating and lowered their price target for the stock from $16.00 to $13.00 in a research report on Friday, December 22nd. ValuEngine upgraded shares of Bojangles from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, BidaskClub upgraded shares of Bojangles from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th.
Bojangles (BOJA) traded up $0.87 during mid-day trading on Wednesday, reaching $13.75. 1,214,656 shares of the company’s stock traded hands, compared to its average volume of 464,987. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Bojangles has a 12-month low of $11.35 and a 12-month high of $22.35. The company has a market capitalization of $504.14 and a price-to-earnings ratio of 16.24.
Bojangles (NASDAQ:BOJA) last released its earnings results on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $148.10 million during the quarter, compared to analyst estimates of $146.76 million. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. equities research analysts predict that Bojangles will post 0.78 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of BOJA. Advisory Research Inc. acquired a new stake in Bojangles in the fourth quarter worth about $11,842,000. Price Michael F acquired a new stake in Bojangles in the fourth quarter worth about $5,546,000. Russell Investments Group Ltd. lifted its holdings in 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 purchasing an additional 390,547 shares during the period. Clark Estates Inc. NY acquired a new stake in Bojangles in the fourth quarter worth about $3,221,000. Finally, Two Sigma Investments LP lifted its holdings in Bojangles by 992.1% in the fourth quarter. Two Sigma Investments LP now owns 273,016 shares of the restaurant operator’s stock worth $3,222,000 after purchasing an additional 248,016 shares during the period. 91.25% of the stock is owned by institutional investors and hedge funds.
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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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