Copper Rock Capital Partners Lowers stake in Bojangles Inc (BOJA)

Bojangles Inc (BOJA) : Copper Rock Capital Partners reduced its stake in Bojangles Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 1,280,250 shares of Bojangles Inc which is valued at $22.3 Million after selling 6,233 shares in Bojangles Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Bojangles Inc makes up approximately 1.95% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Bojangles Inc reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.19. The company had revenue of $128.80 million for the quarter, compared to analysts expectations of $128.45 million. The company’s revenue was up 9.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on Bojangles Inc. Shares were Reiterated by Barclays on Mar 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 18 from a previous price target of $23 .

Bojangles Inc opened for trading at $17.25 and hit $17.5499 on the upside on Monday, eventually ending the session at $17.4, with a gain of 1.16% or 0.2 points. The heightened volatility saw the trading volume jump to 2,37,770 shares. Company has a market cap of $627 M.

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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