Northern Trust Corp Acquires 78,931 Shares of Bojangles’, Inc. (BOJA)
Northern Trust Corp boosted its holdings in Bojangles’, Inc. (NASDAQ:BOJA) by 55.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220,801 shares of the restaurant operator’s stock after acquiring an additional 78,931 shares during the quarter. Northern Trust Corp owned 0.60% of Bojangles’ worth $3,589,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its position 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 buying an additional 1,139 shares in the last quarter. American International Group Inc. lifted its position 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 buying an additional 392 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Bojangles’ during the 2nd quarter worth approximately $143,000. Nationwide Fund Advisors lifted its position 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 buying an additional 3,852 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Bojangles’ during the 2nd quarter worth approximately $205,000. 92.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bojangles’, Inc. (BOJA) opened at $12.70 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. Bojangles’, Inc. has a one year low of $11.60 and a one year high of $22.35. The stock has a market cap of $471.71, a P/E ratio of 14.46, a PEG ratio of 1.45 and a beta of 1.91.
Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analyst estimates of $133.88 million. During the same quarter last year, the business posted $0.25 EPS. Bojangles”s quarterly revenue was up .2% compared to the same quarter last year. research analysts expect that Bojangles’, Inc. will post 0.78 earnings per share for the current year.
Several equities analysts have commented on the stock. TheStreet cut shares of Bojangles’ from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Stephens cut shares of Bojangles’ from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Cowen and Company cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a research report on Friday, October 20th. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 target price (down previously from $20.00) on shares of Bojangles’ in a research report on Sunday, July 30th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $21.00 target price on shares of Bojangles’ in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.38.
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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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