Today The William Blair Comments on Bojangles’, Inc.’s Q1 2017 Earnings (BOJA)

Today The William Blair Comments on Bojangles’, Inc.’s Q1 2017 Earnings (BOJA)

Bojangles’, Inc. (NASDAQ:BOJA) – Equities researchers at William Blair issued their Q1 2017 EPS estimates for shares of Bojangles’ in a note issued to investors on Friday. William Blair analyst S. Zackfia expects that the firm will post earnings per share of $0.16 for the quarter. William Blair also issued estimates for Bojangles”s Q2 2017 earnings at $0.28 EPS, Q3 2017 earnings at $0.26 EPS, Q4 2017 earnings at $0.32 EPS and FY2018 earnings at $1.10 EPS.

Several other equities research analysts also recently issued reports on BOJA. Zacks Investment Research downgraded shares of Bojangles’ from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. TheStreet downgraded shares of Bojangles’ from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $23.00 price objective on shares of Bojangles’ in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $19.80.

Shares of Bojangles’ (NASDAQ:BOJA) opened at 19.85 on Monday. The company has a market capitalization of $722.00 million, a price-to-earnings ratio of 20.89 and a beta of 2.08. Bojangles’ has a 52-week low of $13.39 and a 52-week high of $20.70. The company’s 50-day moving average price is $19.32 and its 200-day moving average price is $17.36.

In other Bojangles’ news, Director Steven J. Collins sold 111,164 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $16.39, for a total transaction of $1,821,977.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder International Corp/Ma Advent sold 6,616,889 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $16.39, for a total transaction of $108,450,810.71. The disclosure for this sale can be found here. 74.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Bojangles’ by 4.4% in the second quarter. Vanguard Group Inc. now owns 611,493 shares of the company’s stock valued at $10,365,000 after buying an additional 25,955 shares in the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Bojangles’ by 3.2% in the third quarter. Penn Capital Management Co. Inc. now owns 464,959 shares of the company’s stock valued at $7,421,000 after buying an additional 14,508 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Bojangles’ during the third quarter valued at approximately $6,775,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Bojangles’ by 10.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 234,112 shares of the company’s stock valued at $3,736,000 after buying an additional 23,019 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Bojangles’ by 17.9% in the second quarter. BlackRock Fund Advisors now owns 232,484 shares of the company’s stock valued at $3,941,000 after buying an additional 35,244 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

About Bojangles’

Bojangles’, Inc is a restaurant operator and franchisor. The Company offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also 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.

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