Could Bojangles Inc (BOJA) Decline After Today’s Huge Increase?

September 17, 2017 - By Vivian Currie

The stock of Bojangles Inc (NASDAQ:BOJA) is a huge mover today! The stock increased 4.10% or $0.55 on September 15, reaching $13.95. About 585,953 shares traded or 148.67% up from the average. Bojangles Inc (NASDAQ:BOJA) has risen 4.24% since September 17, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.
The move comes after 7 months positive chart setup for the $516.14M company. It was reported on Sep, 17 by Barchart.com. We have $14.79 PT which if reached, will make NASDAQ:BOJA worth $30.97 million more.

Wall Street await Bojangles Inc (NASDAQ:BOJA) to release earnings on November, 2. Analysts forecast earnings per share of $0.18, down exactly $0.07 or 28.00 % from 2014’s $0.25 EPS. The expected BOJA’s profit could reach $6.66 million giving the stock 19.38 P/E in the case that $0.18 earnings per share is reported. After posting $0.23 EPS for the previous quarter, Bojangles Inc’s analysts now forecast -21.74 % negative EPS growth.

Bojangles Inc (NASDAQ:BOJA) Ratings Coverage

Among 11 analysts covering Bojangles Inc (NASDAQ:BOJA), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Bojangles Inc had 19 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, September 26. The stock has “Strong Buy” rating by Craig Hallum on Tuesday, September 20. The stock has “Buy” rating by Cowen & Co on Friday, July 28. The firm earned “Strong-Buy” rating on Monday, August 10 by Vetr. Barclays Capital initiated the shares of BOJA in report on Sunday, August 16 with “Hold” rating. The firm has “Buy” rating given on Tuesday, July 28 by SunTrust. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, March 11. As per Tuesday, December 22, the company rating was upgraded by Bank of America. Jefferies maintained Bojangles Inc (NASDAQ:BOJA) rating on Friday, July 28. Jefferies has “Buy” rating and $2000 target. William Blair downgraded Bojangles Inc (NASDAQ:BOJA) on Friday, July 28 to “Market Perform” rating.

Another recent and important Bojangles Inc (NASDAQ:BOJA) news was published by Bizjournals.com which published an article titled: “Bojangles’ maps out Florida, Alabama growth” on August 21, 2017.

Bojangles’, Inc. is a restaurant operator and franchisor. The company has market cap of $516.14 million. The Firm offers food made from its Southern recipes. It has a 14.77 P/E ratio. 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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