James R. Kibler Sells 25,000 Shares of Bojangles’, Inc. (NASDAQ:BOJA) Stock

Bojangles’, Inc. (NASDAQ:BOJA) Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $15.47, for a total value of $386,750.00. Following the sale, the director now directly owns 71,332 shares in the company, valued at approximately $1,103,506.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bojangles’, Inc. (BOJA) opened at 13.20 on Friday. The firm has a market capitalization of $488.39 million, a price-to-earnings ratio of 14.06 and a beta of 1.98. Bojangles’, Inc. has a one year low of $12.85 and a one year high of $22.35. The company has a 50-day moving average of $14.72 and a 200 day moving average of $18.00.

Bojangles’ (NASDAQ:BOJA) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.61 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Bojangles’, Inc. will post $0.82 EPS for the current year.

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Several research analysts have issued reports on the company. Zacks Investment Research cut Bojangles’ from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price target (down from $20.00) on shares of Bojangles’ in a report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target on shares of Bojangles’ in a report on Sunday, July 30th. William Blair cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a report on Friday, July 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Bojangles’ currently has an average rating of “Hold” and a consensus price target of $19.44.

Several hedge funds and other institutional investors have recently modified their holdings of BOJA. Swiss National Bank increased its position in shares of Bojangles’ by 21.5% in the first quarter. Swiss National Bank now owns 27,100 shares of the restaurant operator’s stock worth $556,000 after buying an additional 4,800 shares during the period. Bank of New York Mellon Corp increased its position in shares of Bojangles’ by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 109,736 shares of the restaurant operator’s stock worth $2,249,000 after buying an additional 12,389 shares during the period. US Bancorp DE increased its position in shares of Bojangles’ by 35.7% in the first quarter. US Bancorp DE now owns 13,574 shares of the restaurant operator’s stock worth $278,000 after buying an additional 3,574 shares during the period. Wells Fargo & Company MN increased its position in shares of Bojangles’ by 5.0% in the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock worth $1,143,000 after buying an additional 2,657 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of Bojangles’ during the first quarter worth about $730,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Bojangles’ Company Profile

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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