Trade Report: Today, TheStreet lowers the Stock rating of Bojangles Inc. (BOJA)

Today, TheStreet lowers the Stock rating of Bojangles Inc. (BOJA)

Bojangles Inc. (NASDAQ:BOJA) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other brokerages have also weighed in on BOJA. Zacks Investment Research lowered Bojangles from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Jefferies Group cut their price target on Bojangles from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Piper Jaffray Cos. restated a “neutral” rating and issued a $16.00 price target (down previously from $17.00) on shares of Bojangles in a research note on Thursday, August 11th. RBC Capital Markets restated a “sector perform” rating and issued a $19.00 price target (down previously from $20.00) on shares of Bojangles in a research note on Thursday, August 11th. Finally, KeyCorp cut their price objective on Bojangles from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Bojangles has an average rating of “Buy” and an average price target of $20.09.

Shares of Bojangles (NASDAQ:BOJA) traded up 2.04% during trading on Monday, reaching $20.05. The company had a trading volume of 136,982 shares. The company has a market capitalization of $729.28 million, a PE ratio of 21.11 and a beta of 1.80. The stock’s 50-day moving average price is $16.49 and its 200-day moving average price is $16.83. Bojangles has a 52 week low of $13.39 and a 52 week high of $20.10.

Bojangles (NASDAQ:BOJA) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Bojangles had a return on equity of 19.49% and a net margin of 6.86%. The firm earned $133.20 million during the quarter, compared to analyst estimates of $132.59 million. During the same quarter in the previous year, the business earned $0.23 EPS. Bojangles’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Bojangles will post $0.94 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penn Capital Management Co. Inc. boosted its position in Bojangles by 3.2% in the third quarter. Penn Capital Management Co. Inc. now owns 464,959 shares of the company’s stock worth $7,421,000 after buying an additional 14,508 shares during the period. Tributary Capital Management LLC purchased a new position in Bojangles during the third quarter worth approximately $6,775,000. Panagora Asset Management Inc. boosted its position in Bojangles by 29.8% in the third quarter. Panagora Asset Management Inc. now owns 78,195 shares of the company’s stock worth $1,248,000 after buying an additional 17,957 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Bojangles during the third quarter worth approximately $136,000. Finally, Philadelphia Trust Co. purchased a new position in Bojangles during the third quarter worth approximately $480,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.

Bojangles Company Profile

Related posts

Leave a Comment