Bojangles’ Famous Chicken ‘n Biscuits (BOJA) Lowered to Neutral at CL King

CL King lowered shares of Bojangles’ Famous Chicken ‘n Biscuits (NASDAQ:BOJA) from a buy rating to a neutral rating in a research note released on Tuesday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Bojangles’ Famous Chicken ‘n Biscuits from a buy rating to a hold rating in a research note on Monday, April 2nd. Stifel Nicolaus boosted their price objective on Bojangles’ Famous Chicken ‘n Biscuits from $11.00 to $14.00 and gave the stock a hold rating in a research note on Monday, March 19th. Zacks Investment Research upgraded Bojangles’ Famous Chicken ‘n Biscuits from a sell rating to a hold rating in a research note on Friday, January 5th. BidaskClub upgraded Bojangles’ Famous Chicken ‘n Biscuits from a hold rating to a buy rating in a research note on Saturday. Finally, SunTrust Banks set a $17.00 price objective on Bojangles’ Famous Chicken ‘n Biscuits and gave the stock a buy rating in a research note on Tuesday, March 6th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Bojangles’ Famous Chicken ‘n Biscuits currently has an average rating of Hold and an average target price of $16.14.

Shares of Bojangles’ Famous Chicken ‘n Biscuits stock opened at $14.50 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.66 and a debt-to-equity ratio of 0.51. Bojangles’ Famous Chicken ‘n Biscuits has a twelve month low of $11.35 and a twelve month high of $22.35. The stock has a market capitalization of $542.76, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.48.

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

A number of large investors have recently bought and sold shares of BOJA. Wells Fargo & Company MN increased its stake in Bojangles’ Famous Chicken ‘n Biscuits by 23.1% during the 3rd quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock worth $1,247,000 after buying an additional 17,317 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Bojangles’ Famous Chicken ‘n Biscuits by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 76,212 shares of the restaurant operator’s stock worth $1,029,000 after buying an additional 4,195 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 190,369 shares in the last quarter. Skylands Capital LLC boosted its holdings in shares of Bojangles’ Famous Chicken ‘n Biscuits by 39.6% during the 4th quarter. Skylands Capital LLC now owns 79,000 shares of the restaurant operator’s stock worth $932,000 after purchasing an additional 22,426 shares during the last quarter. Finally, Clark Estates Inc. NY acquired a new position in shares of Bojangles’ Famous Chicken ‘n Biscuits during the 4th quarter worth approximately $3,221,000. Institutional investors own 92.72% 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.

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

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