First Trust Advisors LP purchased a new stake in Bojangles Inc (NASDAQ:BOJA) in the second quarter, Holdings Channel reports. The institutional investor purchased 12,761 shares of the restaurant operator’s stock, valued at approximately $184,000.
Separately, Ancora Advisors LLC acquired a new position in Bojangles in the first quarter valued at approximately $194,000. 90.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOJA stock opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market cap of $486.79 million, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.43. Bojangles Inc has a 1-year low of $11.35 and a 1-year high of $16.20.
Bojangles (NASDAQ:BOJA) last announced its earnings results on Thursday, August 2nd. The restaurant operator reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). The business had revenue of $140.50 million for the quarter, compared to analyst estimates of $140.34 million. Bojangles had a return on equity of 9.91% and a net margin of 11.24%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. sell-side analysts forecast that Bojangles Inc will post 0.68 earnings per share for the current fiscal year.
A number of brokerages have issued reports on BOJA. BidaskClub raised Bojangles from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised Bojangles from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, June 19th. Finally, TheStreet downgraded Bojangles from a “b-” rating to a “c+” rating in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.86.
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 July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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