Shares of Bojangles Inc (NASDAQ:BOJA) have earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.75.
A number of brokerages have recently issued reports on BOJA. Zacks Investment Research upgraded Bojangles from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Royal Bank of Canada cut their price target on Bojangles from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. Cowen cut Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $19.00 price target on shares of Bojangles in a research note on Wednesday, January 3rd. Finally, BidaskClub upgraded Bojangles from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 4th.
Several hedge funds have recently modified their holdings of BOJA. Amica Retiree Medical Trust bought a new stake in shares of Bojangles in the third quarter valued at approximately $119,000. Engineers Gate Manager LP bought a new stake in Bojangles during the fourth quarter worth $153,000. Nationwide Fund Advisors lifted its stake in Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 3,852 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock worth $223,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Bojangles during the third quarter worth $223,000. Institutional investors and hedge funds own 90.28% of the company’s stock.
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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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