Amica Retiree Medical Trust purchased a new position in shares of Bojangles’, Inc. (NASDAQ:BOJA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,847 shares of the restaurant operator’s stock, valued at approximately $119,000.
Several other institutional investors have also recently added to or reduced their stakes in BOJA. Victory Capital Management Inc. boosted its stake in shares of Bojangles’ by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock worth $123,000 after purchasing an additional 1,139 shares during the last quarter. American International Group Inc. boosted its stake in shares of Bojangles’ by 7.0% during the 1st quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 392 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Bojangles’ during the 2nd quarter worth about $143,000. Nationwide Fund Advisors boosted its stake in shares of Bojangles’ by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Bojangles’ during the 2nd quarter worth about $205,000. 92.09% of the stock is currently owned by institutional investors.
Several research firms have issued reports on BOJA. Royal Bank Of Canada decreased their price target on shares of Bojangles’ from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus began coverage on shares of Bojangles’ in a research note on Monday, October 2nd. They set a “hold” rating and a $16.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Bojangles’ in a research note on Sunday, July 30th. Cowen Inc cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Friday, October 20th. Finally, William Blair lowered shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.38.
Bojangles’, Inc. (NASDAQ BOJA) opened at $12.30 on Friday. The firm has a market cap of $470.78, a PE ratio of 14.43, a PEG ratio of 1.45 and a beta of 1.91. Bojangles’, Inc. has a 1-year low of $11.60 and a 1-year high of $22.35. 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’ (NASDAQ:BOJA) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $133.40 million for the quarter, compared to analyst estimates of $133.88 million. Bojangles’ had a net margin of 6.13% and a return on equity of 15.11%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. research analysts anticipate that Bojangles’, Inc. will post 0.78 earnings per share for the current year.
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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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