Jefferies Maintains Bojangles Inc to Buy with Price Target $21.00

Brokerage firm Jefferies Maintains its rating on Bojangles Inc(NASDAQ:BOJA). In a research note issued to the investors, the brokerage major Lowers the price-target to $21.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 9, 2016.

Bojangles Inc (BOJA) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.12% at a volume of 1,16,478. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.86. The peak price level was also seen at $16.86 while the days lowest was $16.64. Finally the shares closed at $16.8. The 52-week high of the shares is $23.02 while the 52-week low is $13.39. According to the latest information available, the market cap of the company is $610 M.

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 Jul 27, 2016, Eric Mcgrew Newman (Exec. VP, Secy & Gnl Csl.) sold 875 shares at $18.20 per share price.Also, On Jun 7, 2016, Kenneth E Avery (Sr. Vice President & COO) sold 10,000 shares at $18.00 per share price.On May 26, 2016, M John Jordan (Sr. VP of Finance & CFO) sold 19,519 shares at $17.25 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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