What Will Happen to Bojangles', Inc. (BOJA) Next? The Stock Formed a Several Months Wedge Up Pattern

May 18, 2018 - By Larry Purdy

Bojangles', Inc. (NASDAQ:BOJA) Logo

The stock of Bojangles', Inc. (BOJA) formed an up wedge with $16.54 target or 6.00 % above today’s $15.60 share price. The 5 months wedge indicates low risk for the $572.10 million company. If the $16.54 price target is reached, the company will be worth $34.33 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.65% or $0.1 during the last trading session, reaching $15.6. About 150,696 shares traded. Bojangles', Inc. (NASDAQ:BOJA) has declined 29.64% since May 18, 2017 and is downtrending. It has underperformed by 41.19% the S&P500.

Analysts await Bojangles', Inc. (NASDAQ:BOJA) to report earnings on July, 26. They expect $0.18 EPS, down 21.74 % or $0.05 from last year’s $0.23 per share. BOJA’s profit will be $6.60 million for 21.67 P/E if the $0.18 EPS becomes a reality. After $0.18 actual EPS reported by Bojangles', Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Bojangles', Inc. (NASDAQ:BOJA) Ratings Coverage

Among 6 analysts covering Bojangles (NASDAQ:BOJA), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Bojangles has $19.0 highest and $11 lowest target. $16.13’s average target is 3.40% above currents $15.6 stock price. Bojangles had 9 analyst reports since December 22, 2017 according to SRatingsIntel. The stock of Bojangles', Inc. (NASDAQ:BOJA) earned “Buy” rating by SunTrust on Tuesday, January 2. The stock of Bojangles', Inc. (NASDAQ:BOJA) has “Hold” rating given on Friday, December 22 by Jefferies. CL King downgraded the shares of BOJA in report on Tuesday, April 24 to “Neutral” rating. As per Wednesday, March 7, the company rating was maintained by Barclays Capital. The rating was downgraded by C.L. King to “Hold” on Tuesday, April 24. Stifel Nicolaus maintained Bojangles', Inc. (NASDAQ:BOJA) on Wednesday, March 7 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Sunday, March 18. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, January 11 report. C.L. King maintained Bojangles', Inc. (NASDAQ:BOJA) rating on Tuesday, February 13. C.L. King has “Buy” rating and $17.5 target.

More important recent Bojangles', Inc. (NASDAQ:BOJA) news were published by: Globenewswire.com which released: “Bojangles’, Inc. Reports Financial Results for its First Fiscal Quarter 2018” on May 08, 2018, also Businesswire.com published article titled: “On National Buttermilk Biscuit Day, Choose Only the Best: Bojangles'”, Streetinsider.com published: “Bojangles’ (BOJA) Tops Q1 EPS by 2c” on May 08, 2018. More interesting news about Bojangles', Inc. (NASDAQ:BOJA) was released by: Seekingalpha.com and their article: “Bojangles’ (BOJA) CEO James Kibler on Q1 2018 Results – Earnings Call Transcript” with publication date: May 09, 2018.

BojanglesÂ’, Inc. develops, operates, and franchises limited service restaurants in the United States. The company has market cap of $572.10 million. The Company’s restaurants offer never-frozen bone-in fried chicken items, made-from-scratch buttermilk biscuits, fixinÂ’s, and iced tea. It has a 8.65 P/E ratio. As of June 25, 2017, the firm had 740 system-wide restaurants, including 314 company-operated and 426 franchised restaurants located primarily in the Southeastern United States.

Bojangles', Inc. (NASDAQ:BOJA) Ratings Chart

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