Bojangles’ (BOJA) Receiving Very Favorable News Coverage, Report Finds
News coverage about Bojangles’ (NASDAQ:BOJA) has trended very positive recently, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bojangles’ earned a media sentiment score of 0.69 on Alpha One’s scale. Alpha One also assigned press coverage about the restaurant operator an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
A number of equities analysts recently issued reports on BOJA shares. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Bojangles’ in a report on Wednesday, April 12th. TheStreet raised shares of Bojangles’ from a “c” rating to a “b-” rating in a report on Monday, May 8th. Zacks Investment Research raised shares of Bojangles’ from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Cowen and Company started coverage on shares of Bojangles’ in a report on Tuesday, March 14th. They issued an “outperform” rating and a $23.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Bojangles’ from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, March 8th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.00.
Shares of Bojangles’ (BOJA) traded up 0.60% during trading on Friday, reaching $16.90. 439,642 shares of the company’s stock traded hands. Bojangles’ has a one year low of $14.55 and a one year high of $22.35. The stock has a market cap of $618.47 million, a P/E ratio of 17.09 and a beta of 2.07. The company has a 50 day moving average price of $17.91 and a 200-day moving average price of $19.33.
Bojangles’ (NASDAQ:BOJA) last released its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Bojangles’ had a return on equity of 18.44% and a net margin of 7.00%. The business had revenue of $131.50 million for the quarter, compared to analyst estimates of $132.83 million. On average, equities research analysts expect that Bojangles’ will post $0.92 EPS for the current fiscal year.
In other Bojangles’ news, insider William A. Kussell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $16.85, for a total value of $421,250.00. Following the sale, the insider now owns 43,410 shares in the company, valued at approximately $731,458.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP M John Jordan sold 56,289 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $17.84, for a total value of $1,004,195.76. Following the completion of the sale, the vice president now owns 56,289 shares in the company, valued at approximately $1,004,195.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,289 shares of company stock worth $1,857,446. Insiders own 55.30% of the company’s stock.
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
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