Bojangles (BOJA) Receives Buy Rating from SunTrust Banks

SunTrust Banks reaffirmed their buy rating on shares of Bojangles (NASDAQ:BOJA) in a research note released on Wednesday. SunTrust Banks currently has a $19.00 price objective on the restaurant operator’s stock. SunTrust Banks also issued estimates for Bojangles’ Q1 2018 earnings at $0.24 EPS.

BOJA has been the topic of a number of other research reports. Barclays cut their target price on shares of Bojangles from $15.00 to $14.00 and set an equal weight rating on the stock in a research report on Wednesday, October 18th. Stephens lowered shares of Bojangles from an overweight rating to an equal weight rating in a report on Wednesday, October 11th. Jefferies Group lowered shares of Bojangles from a buy rating to a hold rating and cut their price target for the stock from $16.00 to $13.00 in a report on Friday, December 22nd. TheStreet lowered shares of Bojangles from a c- rating to a d+ rating in a report on Friday, October 13th. Finally, ValuEngine upgraded shares of Bojangles from a hold rating to a buy rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Bojangles currently has an average rating of Hold and an average price target of $16.75.

Bojangles (NASDAQ:BOJA) traded up $0.10 during midday trading on Wednesday, hitting $13.05. 426,215 shares of the company traded hands, compared to its average volume of 476,900. Bojangles has a twelve month low of $11.45 and a twelve month high of $22.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. The firm has a market cap of $484.68 and a price-to-earnings ratio of 15.17.

Bojangles (NASDAQ:BOJA) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Bojangles had a net margin of 6.13% and a return on equity of 15.11%. The firm had revenue of $133.40 million for the quarter, compared to analyst estimates of $133.88 million. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. equities research analysts predict that Bojangles will post 0.78 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC increased its stake in Bojangles by 33.9% in the second quarter. TIAA CREF Investment Management LLC now owns 84,913 shares of the restaurant operator’s stock valued at $1,380,000 after purchasing an additional 21,507 shares in the last quarter. Citadel Advisors LLC increased its stake in Bojangles by 191.7% in the second quarter. Citadel Advisors LLC now owns 70,264 shares of the restaurant operator’s stock valued at $1,142,000 after purchasing an additional 46,174 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Bojangles by 1,301.7% in the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after purchasing an additional 390,547 shares in the last quarter. Skylands Capital LLC bought a new stake in Bojangles in the third quarter valued at $764,000. Finally, California State Teachers Retirement System increased its stake in Bojangles by 55.7% in the second quarter. California State Teachers Retirement System now owns 30,762 shares of the restaurant operator’s stock valued at $500,000 after purchasing an additional 11,000 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

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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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