Shares of Bojangles Inc (NASDAQ:BOJA) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.38.

BOJA has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Bojangles from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Stephens cut shares of Bojangles from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. SunTrust Banks restated a “buy” rating and set a $21.00 price target on shares of Bojangles in a report on Thursday, October 12th. TheStreet cut shares of Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Finally, Cowen lowered shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Friday, October 20th.

Bojangles (BOJA) remained flat at $$13.45 during mid-day trading on Monday. 494,587 shares of the stock were exchanged, compared to its average volume of 316,609. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. Bojangles has a 1 year low of $11.60 and a 1 year high of $22.35. The company has a market capitalization of $496.73 and a P/E ratio of 14.49.

Bojangles (NASDAQ:BOJA) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The company had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $133.88 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. research analysts predict that Bojangles will post 0.78 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Bojangles by 0.3% during the second quarter. Alps Advisors Inc. now owns 25,677 shares of the restaurant operator’s stock valued at $417,000 after buying an additional 67 shares during the last quarter. American International Group Inc. raised its position in shares of Bojangles by 7.0% during the first quarter. American International Group Inc. now owns 6,030 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 392 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Bojangles by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 1,139 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Bojangles by 12.1% during the second quarter. TD Asset Management Inc. now owns 21,349 shares of the restaurant operator’s stock valued at $347,000 after buying an additional 2,300 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 3,200 shares during the last quarter. 89.06% 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.

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

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