Biscuit bonanza: Bojangles’ jumps 10% in a week
Chicken was hot last week with Bojangles’ shares soaring. Discount retailing was cold: Cato Corp. declined sharply after the Charlotte-based retailer said same-store sales plummeted.
These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week.
Bojangles (BOJA) 10.5% – Charlotte-based fast-food chain hits 52-week high and now trades above its initial public offering price of $19. The shares started trading in May 2015.
3D Systems (DDD) 8.8% – 3D printing company benefited from upgrades by Gabelli and Zachs Investment Research analysts. Shares have gained 73% in the last year.
Red Hat (RHT) 5.9% – Raleigh-based open-source software company rebounded after declining in late December because of fears of slowing revenue.
The weakest performers:
Cato (CATO) -14.2% – Retailer says 2016 earnings will be about $1.70 per share, down from $2.39 a year earlier.
Culp (CFI) -3.9% – High Point-based mattress-ticking maker has gained 55% in the last year.
Unifi (UFI) – 3.5% – Analysts expect an 18% earnings increase in 2017 for the Greensboro-based textile company.