Bojangles (NASDAQ:BOJA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “
BOJA has been the topic of several other reports. ValuEngine raised Bojangles from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. TheStreet lowered Bojangles from a “b-” rating to a “c+” rating in a research report on Monday, July 30th. BidaskClub raised Bojangles from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Finally, KeyCorp initiated coverage on Bojangles in a research report on Wednesday, October 3rd. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Bojangles has an average rating of “Hold” and an average target price of $15.86.
Shares of NASDAQ BOJA traded up $0.24 during midday trading on Monday, hitting $16.75. The stock had a trading volume of 212,700 shares, compared to its average volume of 326,684. The firm has a market capitalization of $578.98 million, a P/E ratio of 20.18, a P/E/G ratio of 1.84 and a beta of 1.41. Bojangles has a 1-year low of $11.35 and a 1-year high of $17.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.70 and a quick ratio of 0.64.
Bojangles (NASDAQ:BOJA) last released its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $140.50 million during the quarter, compared to analyst estimates of $140.34 million. Bojangles had a net margin of 11.24% and a return on equity of 9.91%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Bojangles will post 0.68 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in BOJA. Ancora Advisors LLC acquired a new position in Bojangles during the 1st quarter worth approximately $194,000. Tributary Capital Management LLC raised its position in shares of Bojangles by 8.6% in the 2nd quarter. Tributary Capital Management LLC now owns 987,248 shares of the restaurant operator’s stock valued at $14,216,000 after purchasing an additional 77,906 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Bojangles in the 2nd quarter valued at approximately $184,000. IndexIQ Advisors LLC raised its position in shares of Bojangles by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 157,933 shares of the restaurant operator’s stock valued at $2,274,000 after purchasing an additional 12,639 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Bojangles by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 3,675 shares in the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.
Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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