Bojangles’ Famous Chicken ‘n Biscuits (BOJA) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) from a sell rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “

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A number of other equities research analysts have also weighed in on BOJA. ValuEngine lowered shares of Bojangles’ Famous Chicken ‘n Biscuits from a buy rating to a hold rating in a report on Monday, April 2nd. Stifel Nicolaus raised their price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits from $11.00 to $14.00 and gave the stock a hold rating in a report on Monday, March 19th. Barclays raised their price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Wednesday, March 7th. BidaskClub raised shares of Bojangles’ Famous Chicken ‘n Biscuits from a hold rating to a buy rating in a report on Wednesday, March 7th. Finally, SunTrust Banks set a $17.00 price objective on shares of Bojangles’ Famous Chicken ‘n Biscuits and gave the stock a buy rating in a report on Tuesday, March 6th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $16.14.

Shares of BOJA traded down $0.03 on Thursday, hitting $13.82. 44,046 shares of the stock traded hands, compared to its average volume of 436,612. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.57 and a current ratio of 0.66. The company has a market capitalization of $509.56, a price-to-earnings ratio of 16.65, a PEG ratio of 1.53 and a beta of 1.48. Bojangles’ Famous Chicken ‘n Biscuits has a 1 year low of $11.35 and a 1 year high of $22.35.

Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) last announced its quarterly earnings data on Tuesday, March 6th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $148.10 million for the quarter, compared to the consensus estimate of $146.76 million. Bojangles’ Famous Chicken ‘n Biscuits had a net margin of 13.15% and a return on equity of 13.17%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. equities analysts expect that Bojangles’ Famous Chicken ‘n Biscuits will post 0.68 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Investors Research Corp purchased a new position in shares of Bojangles’ Famous Chicken ‘n Biscuits in the fourth quarter worth approximately $145,000. Engineers Gate Manager LP bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the 4th quarter valued at $153,000. PEAK6 Investments L.P. bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the 4th quarter valued at $198,000. Gotham Asset Management LLC increased its holdings in Bojangles’ Famous Chicken ‘n Biscuits by 35.5% in the 4th quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after buying an additional 4,464 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Bojangles’ Famous Chicken ‘n Biscuits in the 4th quarter valued at $273,000. Institutional investors own 92.70% of the company’s stock.

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Bojangles’ Famous Chicken ‘n Biscuits Company Profile

Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States.

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