What’s Ahead for Bojangles', Inc. (BOJA) After Forming H&S?

July 14, 2018 - By James Douglas

Bojangles', Inc. (NASDAQ:BOJA) Logo

The stock of Bojangles', Inc. (BOJA) formed H&S with $13.38 target or 9.00 % below today’s $14.70 share price. The 5 months Head & Shoulders indicates high risk for the $539.10M company. It was reported on Jul, 14 by Faxor.com. If the $13.38 price target is reached, the company will be worth $48.52 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 1.01% or $0.15 during the last trading session, reaching $14.7. About 104,993 shares traded. Bojangles', Inc. (NASDAQ:BOJA) has declined 11.49% since July 14, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Analysts await Bojangles', Inc. (NASDAQ:BOJA) to report earnings on July, 26. They expect $0.18 earnings per share, down 21.74 % or $0.05 from last year’s $0.23 per share. BOJA’s profit will be $6.60M for 20.42 P/E if the $0.18 EPS becomes a reality. After $0.18 actual earnings per share reported by Bojangles', Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 4 analysts covering Bojangles (NASDAQ:BOJA), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Bojangles has $17.5 highest and $11 lowest target. $15.17’s average target is 3.20% above currents $14.7 stock price. Bojangles had 6 analyst reports since February 13, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, March 7 by Stifel Nicolaus. The stock has “Neutral” rating by CL King on Tuesday, April 24. As per Tuesday, February 13, the company rating was maintained by C.L. King. The company was maintained on Wednesday, March 7 by Barclays Capital. C.L. King downgraded the stock to “Hold” rating in Tuesday, April 24 report. The stock has “Hold” rating by Stifel Nicolaus on Sunday, March 18.

Another recent and important Bojangles', Inc. (NASDAQ:BOJA) news was published by Nasdaq.com which published an article titled: “Bojangles’, Inc. to Host Second Fiscal Quarter 2018 Conference Call and Webcast” on July 05, 2018.

BojanglesÂ’, Inc. develops, operates, and franchises limited service restaurants in the United States. The company has market cap of $539.10 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 8.15 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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