Bojangles Inc (NASDAQ:BOJA) Receives $25.68 Consensus Target Price from Analysts
Bojangles Inc (NASDAQ:BOJA) has earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, AnalystRatingsNetwork.com reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $25.68.
Shares of Bojangles (NASDAQ:BOJA) opened at 14.52 on Wednesday. Bojangles has a 1-year low of $14.08 and a 1-year high of $28.45. The firm’s 50-day moving average is $15.42 and its 200-day moving average is $18.34. The stock has a market capitalization of $521.99 million and a price-to-earnings ratio of 20.45.
Bojangles (NASDAQ:BOJA) last posted its earnings results on Wednesday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm earned $124.25 million during the quarter, compared to the consensus estimate of $122.22 million. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Bojangles will post $0.81 earnings per share for the current fiscal year.
In related news, COO Kenneth E. Avery sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $17.23, for a total value of $172,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several hedge funds have recently made changes to their positions in the stock. Copper Rock Capital Partners purchased a new stake in shares of Bojangles during the fourth quarter worth $20,416,000. Eagle Asset Management purchased a new stake in shares of Bojangles during the third quarter worth $5,332,000. Skylands Capital purchased a new stake in shares of Bojangles during the fourth quarter worth $2,378,000. BB&T Securities increased its stake in shares of Bojangles by 99.9% in the fourth quarter. BB&T Securities now owns 34,640 shares of the company’s stock worth $549,000 after buying an additional 17,315 shares in the last quarter. Finally, Quantitative Systematic Strategies purchased a new stake in shares of Bojangles during the fourth quarter worth $304,000.
A number of brokerages have commented on BOJA. Zacks Investment Research lowered shares of Bojangles from a “buy” rating to a “hold” rating in a report on Wednesday, October 7th. Bank of America raised shares of Bojangles from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 22nd. Piper Jaffray reissued a “neutral” rating and set a $20.00 price objective (down previously from $29.00) on shares of Bojangles in a report on Friday, November 6th. Finally, RBC Capital decreased their price objective on shares of Bojangles from $30.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, November 5th.
Bojangles’, Inc. (NASDAQ:BOJA) is a restaurant operator and franchisor. The Company is engaged in serving customers with food made from its Southern recipes. The Company’s restaurants offer biscuits, bone-in fried chicken, fixin’s and Legendary Iced Tea. It offers Southern-inspired items to a customer demographic across five day parts: breakfast, lunch, snack, dinner and after dinner. It offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice. The Company’s Bo-Smart menu features items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans. In addition to its individual menu items, the Company offers combos and family meals for parties, as well as its Big Bo Box, for tailgating events. Bojangles’ offers biscuit sandwiches, including its smoked sausage biscuit, grilled pork chop biscuit and Cheddar-Bo.
