Shares are trading at $12.25 barely below $13.03, the 50 day moving average and slightly below the 200 day moving average of $13.03. The 50 day moving average moved down $-0.78 and the 200 day average went down $-0.78 or -6.01%. Trading was heavy with 1,053K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 121.26% over the normal average daily volume.
Investors are more bearish on Bojangles’, Inc. of late if you look at the motion in short interest. The stock recorded a rise in short interest of 37.23% as of October 13, 2017 from the last reporting period. Short shares increased from 1,052,739 to 1,444,723 over that timeframe. With short interest at 1,444,723 and short average daily volume at 419,018, the short-interest ratio is 3.0 and the short interest percentage is 0.04% as of October 13.
These firms have modified their investment in BOJA. Skylands Capital, LLC expanded its stake by buying 46,824 shares an increase of 480.2% in the quarter. Skylands Capital, LLC controls 56,574 shares worth $764,000. The value of the position overall is up by 282.0%. As of the end of the quarter Tributary Capital Management, LLC had sold 3,321 shares trimming its stake by 0.4%. The value of the investment in (BOJA) went from $14,200,000 to $11,752,000 a change of 17.2% quarter over quarter.
Carroll Financial Associates, Inc. cut its investment by selling 2,600 shares a decrease of 71.4%. Carroll Financial Associates, Inc. now holds 1,040 shares with a value of $13,000. The total value of its holdings decreased 78.0%. Victory Capital Management Inc added to its ownership by buying 3,210 shares an increase of 42.2% from 06/30/2017 to 09/30/2017. Victory Capital Management Inc now controls 10,808 shares valued at $146,000. The total value of its holdings increased 18.7%.
On October 3 analysts at Stifel Nicolaus began coverage giving it an initial rating of “Hold”. On October 11, 2017 the stock rating was set at “Equal-Weight” in a report from Stephens & Co. which was a cut from the previous “Overweight” rating.
October 18 investment analysts at Barclays maintained a stock rating of “Equal-Weight” and lowered the price target from $18.00 to $14.00.
Bojangles’, Inc.’s P/E ratio is 13.05 and the market value is 453.24M. In the last earnings report the EPS was $0.94 and is expected to be $0.82 for the current year with 36,999,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.22 with next year’s EPS projected to be $0.85.
Bojangles’, Inc., launched on June 28, 2011, is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Business’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. The Business’s food is offered a la carte and in combos. The Business’s chicken, fixin’s, biscuits and Legendary Iced Tea may also be ordered in boxes or family meals, and larger combinations may be offered as tailgate specials or may be packaged in its Big Bo Box..