Bojangles Inc (NASDAQ:BOJA) has earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.75.
A number of analysts recently commented on the company. Zacks Investment Research raised Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub raised Bojangles from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine lowered Bojangles from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. SunTrust Banks reaffirmed a “buy” rating and issued a $17.00 target price on shares of Bojangles in a research report on Friday, November 3rd. Finally, Cowen lowered Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Friday, October 20th.
Shares of Bojangles (NASDAQ BOJA) traded down $0.25 during trading on Friday, reaching $12.10. The company had a trading volume of 287,637 shares, compared to its average volume of 421,463. Bojangles has a twelve month low of $11.35 and a twelve month high of $22.35. The company has a market cap of $439.46 and a price-to-earnings ratio of 14.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56.
Institutional investors and hedge funds have recently modified their holdings of the business. TIAA CREF Investment Management LLC increased its holdings in Bojangles by 33.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,913 shares of the restaurant operator’s stock worth $1,380,000 after purchasing an additional 21,507 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Bojangles by 23.1% during the 3rd quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock worth $1,247,000 after purchasing an additional 17,317 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Bojangles by 1,301.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock worth $5,677,000 after purchasing an additional 390,547 shares in the last quarter. California State Teachers Retirement System increased its holdings in Bojangles by 55.7% during the 2nd quarter. California State Teachers Retirement System now owns 30,762 shares of the restaurant operator’s stock worth $500,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Skylands Capital LLC bought a new stake in Bojangles during the 3rd quarter worth approximately $764,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
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Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
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