Bojangles (NASDAQ:BOJA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other analysts have also recently issued reports on BOJA. Royal Bank of Canada reduced their price target on shares of Bojangles from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. SunTrust Banks reissued a “buy” rating and set a $17.00 price target on shares of Bojangles in a research report on Friday, November 3rd. Jefferies Group cut shares of Bojangles from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $13.00 in a report on Friday, December 22nd. ValuEngine raised shares of Bojangles from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.75.
Bojangles (NASDAQ:BOJA) opened at $12.05 on Friday. Bojangles has a 1 year low of $11.35 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.56. The company has a market cap of $446.68 and a PE ratio of 14.01.
Large investors have recently modified their holdings of the stock. Amica Retiree Medical Trust acquired a new stake in Bojangles in the third quarter valued at approximately $119,000. Nationwide Fund Advisors raised its holdings in Bojangles by 65.3% in the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 3,852 shares in the last quarter. Investors Research Corp acquired a new stake in Bojangles in the fourth quarter valued at approximately $145,000. Engineers Gate Manager LP purchased a new position in Bojangles in the fourth quarter valued at approximately $153,000. Finally, Alliancebernstein L.P. increased its stake in Bojangles by 30.5% in the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after purchasing an additional 3,200 shares during the last quarter. 91.34% of the stock is currently owned by hedge funds and other institutional investors.
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Bojangles Company Profile
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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