Bojangles (NASDAQ:BOJA) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other equities analysts have also issued research reports about the stock. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of Bojangles in a research report on Wednesday. Jefferies Group downgraded shares of Bojangles from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.00 in a report on Saturday. Stifel Nicolaus began coverage on shares of Bojangles in a report on Monday, October 2nd. They issued a “hold” rating and a $16.00 price target on the stock. Cowen downgraded shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Friday, October 20th. Finally, TheStreet downgraded shares of Bojangles from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.75.
Bojangles (BOJA) traded up $0.95 on Wednesday, reaching $12.95. 653,025 shares of the company’s stock traded hands, compared to its average volume of 365,453. Bojangles has a 1 year low of $11.45 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.64. The firm has a market capitalization of $480.05 and a P/E ratio of 15.06.
Institutional investors and hedge funds have recently bought and sold shares of the company. OxFORD Asset Management LLP increased its holdings in Bojangles by 27.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 145,482 shares of the restaurant operator’s stock worth $1,993,000 after buying an additional 31,167 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bojangles by 60.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 507,073 shares of the restaurant operator’s stock valued at $6,846,000 after acquiring an additional 190,369 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Bojangles by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 76,212 shares of the restaurant operator’s stock valued at $1,029,000 after acquiring an additional 4,195 shares during the period. Wells Fargo & Company MN grew its stake in shares of Bojangles by 23.1% during the 3rd quarter. Wells Fargo & Company MN now owns 92,341 shares of the restaurant operator’s stock valued at $1,247,000 after acquiring an additional 17,317 shares during the period. Finally, Amica Pension Fund Board of Trustees bought a new position in shares of Bojangles during the 3rd quarter valued at approximately $785,000. 89.55% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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