Breaking: What’s Propelling Bojangles Inc to Increase So Much?

Breaking: What's Propelling Bojangles Inc to Increase So Much?

The stock of Bojangles Inc (NASDAQ:BOJA) is a huge mover today! About 3.30 million shares traded hands or 1183.13% up from the average. Bojangles Inc (NASDAQ:BOJA) has risen 0.45% since April 28, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.
The move comes after 8 months positive chart setup for the $631.08M company. It was reported on Dec, 1 by Barchart.com. We have $18.74 PT which if reached, will make NASDAQ:BOJA worth $25.24M more.

Analysts await Bojangles Inc (NASDAQ:BOJA) to report earnings on March, 9. They expect $0.22 earnings per share, 0.00% or $0.00 from last year’s $0.22 per share. BOJA’s profit will be $7.70 million for 20.48 P/E if the $0.22 EPS becomes a reality. After $0.25 actual earnings per share reported by Bojangles Inc for the previous quarter, Wall Street now forecasts -12.00% negative EPS growth.

Bojangles Inc (NASDAQ:BOJA) Ratings Coverage

Out of 9 analysts covering Bojangles Inc (NASDAQ:BOJA), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Bojangles Inc has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was initiated on Sunday, August 16 by Barclays Capital. Bank of America upgraded the stock to “Buy” rating in Tuesday, December 22 report. KeyBanc Capital Markets maintained Bojangles Inc (NASDAQ:BOJA) rating on Monday, September 26. KeyBanc Capital Markets has “Overweight” rating and $22 price target. The stock of Bojangles Inc (NASDAQ:BOJA) earned “Strong-Buy” rating by Vetr on Monday, August 10. On Friday, March 11 the stock rating was upgraded by Stephens to “Overweight”. SunTrust upgraded the stock to “Buy” rating in Tuesday, July 28 report. The company was maintained on Friday, March 11 by Jefferies. As per Friday, March 11, the company rating was maintained by Barclays Capital. Craig Hallum initiated Bojangles Inc (NASDAQ:BOJA) on Tuesday, September 20 with “Strong Buy” rating. The company was maintained on Tuesday, August 9 by Jefferies.

According to Zacks Investment Research, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina.”

More notable recent Bojangles Inc (NASDAQ:BOJA) news were published by: Globenewswire.com which released: “Bojangles’, Inc. Announces Pricing of Secondary Offering of Common Stock” on November 30, 2016, also Finance.Yahoo.com with their article: “Bojangles’, Inc. Announces Proposed Secondary Offering of Common Stock” published on November 28, 2016, Reuters.com published: “BRIEF-Bojangles’ Inc announces proposed secondary offering of common stock” on November 28, 2016. More interesting news about Bojangles Inc (NASDAQ:BOJA) were released by: Fool.com and their article: “Why Bojangles Inc. Stock Soared 18% Last Month” published on April 09, 2016 as well as Businesswire.com‘s news article titled: “Bojangles’® Signs Franchise Development Agreement for Pennsylvania” with publication date: December 01, 2016.

BOJA Company Profile

Bojangles’, Inc., incorporated on June 28, 2011, is a restaurant operator and franchisor. The Firm offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also 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 includes items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans. In addition to its individual menu items, it offers combos and family meals, as well as Big Bo Box. The Firm also offers Legendary Iced Tea. It offers Southern style mac ‘n cheese. The Company’s Cajun Filet Biscuit is a biscuit sandwich, featuring its marinated chicken filet. It also offers smoked sausage biscuit and grilled pork chop biscuit.

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