Manager, Joint-managers: BofA Merrill Lynch, Wells Fargo Securities, Jefferies
Co-managers: Barclays, Goldman Sachs, Piper Jaffray, William Blair, KeyBanc Capital Markets, RBC Capital Markets, Stephens, SunTrust Robinson Humphrey
BOJA Company Owned Restaurants (622 restaurants 41% company owned; expanding to 3,500 restaurants).
• Expanded our total revenues from $299.9 million in fiscal 2011 to $430.5 million in fiscal 2014, representing a CAGR of 12.8%;
• Increased Adjusted EBITDA from $45.4 million in fiscal 2011 to $68.9 million in fiscal 2014, representing a CAGR of 14.9%.
Iconic Brand with Loyal, Cult-Like Following. Since opening our first restaurant in North Carolina in 1977, we believe we have become an iconic brand with a cult-like following by consistently delivering differentiated, craveable food.
Diversified Daypart Mix. We have a diversified daypart mix that supports AUVs that are among the highest in the QSR and fast-casual segments:
• Our Famous Breakfast: While many of our competitors do not offer breakfast, in fiscal 2014, we generated 38% of our company restaurant revenues before 11:00 a.m., or an average of over $650,000 annually per company-operated restaurant. Our strong breakfast results make us a leader in the fastest growing daypart in the industry. Furthermore, we believe breakfast has broad customer appeal and is the most habitual daypart, which drives repeat business and customer loyalty.
• Our Craveable Menu for Lunch, Snack, Dinner and After Dinner: In fiscal 2014, we generated 62% of our company restaurant revenues from 11:00 a.m. to closing, which is typically 11:00 p.m. We believe Bojangles’ menu, focused on high-quality, craveable items, is distinct in the LSR industry and provides an attractive value proposition for lunch, snack, dinner and after dinner. Our Big Bo Box, family and tailgate meals cater to group occasions and drive sales during these dayparts. Additionally, our customers can...
Sentiment: Strong Buy
Nice bullish candle today on the daily chart. Weekly chart: stochastic, MACD (5,9,2), and MACD (12,26,9) all suggesting a bullish reversal is in the cards here. No bearish divergence present yet on the 12,26,9 settings, which means price will most likely test the recent highs on the next bullish momentum shift. It looks like it started today. newbie shorts should get squeezed tomorrow. long July $90 calls
#$%$, this #$%$ is killing me. I really have horrible timing with JACK. You can't win every time but I would like to do better than 50/50 on the timing. I guess I am stuck until it goes back up. Again! I need vacation money by the 30th! :)
I saw JACK down so I picked up 800 at $88.50 and was encouraged as it climbed past $88.80 soon after but I see now we are back to $88.25. Question is why is it selling off today? Seems like it wants to drift lower today.
Had it today. I was worried that they were going to discontinue it, but not here! That stuff makes a burrito amazing. I didn't think any company could surpass Chipotle in taste and quality, but they are roasting Chipotle's carnitas as we speak.
It has had a nice run and it looks like it is not over. The stock goes higher. Over $110 by end of year.
Sentiment: Strong Buy