Investors Research Corp bought a new stake in Bojangles Inc (NASDAQ:BOJA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,300 shares of the restaurant operator’s stock, valued at approximately $145,000.
Other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in shares of Bojangles by 30.5% in the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock worth $223,000 after acquiring an additional 3,200 shares during the last quarter. Teachers Advisors LLC increased its stake in Bojangles by 102.8% in the second quarter. Teachers Advisors LLC now owns 30,863 shares of the restaurant operator’s stock valued at $502,000 after purchasing an additional 15,645 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Bojangles by 33.9% in the second quarter. TIAA CREF Investment Management LLC now owns 84,913 shares of the restaurant operator’s stock valued at $1,380,000 after purchasing an additional 21,507 shares during the last quarter. Nationwide Fund Advisors increased its stake in Bojangles by 65.3% in the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 3,852 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Bojangles by 45.9% during the second quarter. New York State Common Retirement Fund now owns 19,700 shares of the restaurant operator’s stock valued at $320,000 after acquiring an additional 6,199 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.
BOJA has been the subject of a number of research reports. Jefferies Group downgraded Bojangles from a “buy” rating to a “hold” rating and lowered their price target for the company from $16.00 to $13.00 in a research report on Friday, December 22nd. ValuEngine upgraded Bojangles from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. TheStreet upgraded Bojangles from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. BidaskClub upgraded Bojangles from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $19.00 price target on shares of Bojangles in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.71.
Bojangles Inc (NASDAQ BOJA) traded down $0.30 on Wednesday, hitting $14.55. The stock had a trading volume of 475,324 shares, compared to its average volume of 485,388. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.57. The stock has a market capitalization of $546.22, a price-to-earnings ratio of 7.83, a P/E/G ratio of 1.63 and a beta of 1.63. Bojangles Inc has a one year low of $11.35 and a one year high of $22.35.
Bojangles (NASDAQ:BOJA) last issued its quarterly earnings results on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Bojangles had a return on equity of 13.17% and a net margin of 13.15%. The company had revenue of $148.10 million for the quarter, compared to the consensus estimate of $146.76 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. equities analysts expect that Bojangles Inc will post 0.69 earnings per share for the current year.
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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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