KeyBanc Maintains Bojangles Inc to Overweight with Price Target $22.00

Brokerage firm KeyBanc Maintains its rating on Bojangles Inc(NASDAQ:BOJA). In a research note issued to the investors, the brokerage major Lowers the price-target to $22.00 per share. The shares have been rated Overweight. The rating by KeyBanc was issued on Sep 26, 2016.

In a different note, On Aug 9, 2016, Jefferies said it Maintains its rating on Bojangles Inc. In the research note, the firm Lowers the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.

Bojangles Inc (BOJA) made into the market gainers list on Thursdays trading session with the shares advancing 0.94% or 0.15 points. Due to strong positive momentum, the stock ended at $16.16, which is also near the day’s high of $16.2. The stock began the session at $16.16 and the volume stood at 1,59,666 shares. The 52-week high of the shares is $20.71 and the 52 week low is $13.39. The company has a current market capitalization of $587 M and it has 3,63,36,416 shares in outstanding.

Bojangles Inc(BOJA) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $131.59M. Analysts had an estimated revenue of $132.77M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Aug 19, 2016, William A Kussell (director) sold 25,000 shares at $16.73 per share price.Also, On Aug 10, 2016, Eric Mcgrew Newman (Exec. VP, Secy & Gnl Csl.) sold 29,125 shares at $18.30 per share price.On Aug 10, 2016, Kenneth E Avery (Sr. Vice President & COO) sold 4,521 shares at $18.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Bojangles’ Inc. (Bojangles’) is a restaurant operator and franchisor. The Company is engaged in serving customers with food made from its Southern recipes. The Company’s restaurants offer biscuits bone-in fried chicken fixin’s and Legendary Iced Tea. It offers Southern-inspired items to a customer demographic across five day parts: breakfast lunch snack dinner and after dinner. It offers hand-breaded bone-in chicken Chicken Supremes Homestyle Chicken Tenders sandwiches and wraps as well as fixin’s including its Seasoned Fries Bo-Tato Rounds Cajun Pintos and Dirty Rice. The Company’s Bo-Smart menu features items such as salads grilled chicken sandwiches roasted chicken bites and fat-free green beans. In addition to its individual menu items the Company offers combos and family meals for parties as well as its Big Bo Box for tailgating events. Bojangles’ offers biscuit sandwiches including its smoked sausage biscuit grilled pork chop biscuit and Cheddar-Bo.

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