Tuesday, August 9, 2022

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.

David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

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