ValuEngine Lowers Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) to Hold

Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday, April 2nd.

A number of other research analysts also recently commented on BOJA. Jefferies Group downgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.00 in a research report on Friday, December 22nd. SunTrust Banks reissued a “buy” rating and set a $19.00 target price on shares of Bojangles’ Famous Chicken ‘n Biscuits in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, TheStreet upgraded shares of Bojangles’ Famous Chicken ‘n Biscuits from a “d+” rating to a “c-” rating in a report on Monday, February 26th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.14.

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Shares of BOJA traded up $0.65 during midday trading on Monday, hitting $14.80. The stock had a trading volume of 728,834 shares, compared to its average volume of 440,848. The company has a market cap of $515.06, a P/E ratio of 17.71, a P/E/G ratio of 1.55 and a beta of 1.47. Bojangles’ Famous Chicken ‘n Biscuits has a 1 year low of $11.35 and a 1 year high of $22.35. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51.



Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) last posted its quarterly earnings results on Tuesday, March 6th. The restaurant operator reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company 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 firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. analysts predict that Bojangles’ Famous Chicken ‘n Biscuits will post 0.68 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Bojangles’ Famous Chicken ‘n Biscuits by 3.9% during the 4th quarter. BlackRock Inc. now owns 1,103,664 shares of the restaurant operator’s stock valued at $13,023,000 after purchasing an additional 41,583 shares in the last quarter. Advisory Research Inc. acquired a new stake in Bojangles’ Famous Chicken ‘n Biscuits during the 4th quarter worth $11,842,000. Dimensional Fund Advisors LP boosted its stake in Bojangles’ Famous Chicken ‘n Biscuits by 60.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock worth $6,846,000 after purchasing an additional 190,369 shares during the last quarter. Price Michael F acquired a new stake in Bojangles’ Famous Chicken ‘n Biscuits during the 4th quarter worth $5,546,000. Finally, Russell Investments Group Ltd. boosted its stake in Bojangles’ Famous Chicken ‘n Biscuits by 1,301.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock worth $5,677,000 after purchasing an additional 390,547 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Bojangles` Famous Chicken `n Biscuits (NASDAQ:BOJA)

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