BOJANGLES', INC. (BOJA) (BOJA)

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Copper Rock Capital Partners Invests $20,416,000 in Bojangles Inc (BOJA)

http://zolmax.com/investing/copper-rock-capital-partners-invests-20416000-in-bojangles-inc-boja/298083/

Copper Rock Capital Partners bought a new position in shares of Bojangles Inc (NASDAQ:BOJA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,286,483 shares of the company’s stock, valued at approximately $20,416,000.

Separately, Eagle Asset Management bought a new position in shares of Bojangles during the third quarter worth about $5,332,000.

Bojangles Inc (NASDAQ:BOJA) traded up 1.58% on Friday, hitting $16.11. The company had a trading volume of 239,622 shares. Bojangles Inc has a one year low of $14.70 and a one year high of $28.45. The stock has a market capitalization of $579.15 million and a PE ratio of 22.69. The stock has a 50 day moving average of $16.28 and a 200-day moving average of $19.18.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the 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 company’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts anticipate that Bojangles Inc will post $0.81 EPS for the current year.
A number of equities analysts have issued reports on BOJA shares. Zacks Investment Research cut Bojangles from a “buy” rating to a “hold” rating in a report on Wednesday, October 7th. RBC Capital reduced their target price on Bojangles from $30.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, November 5th. Bank of America upgraded Bojangles from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, December 22nd. Finally, Piper Jaffray reiterated 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Bojangles presently has a consensus rating of “Hold” and a consensus price target of $25.71.
In related news, COO Kenneth E. Avery sold 10,000 shares of Bojangles stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $17.23, for a total transaction of $172,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.