Bojangles (NASDAQ:BOJA) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.
Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Bojangles from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. SunTrust Banks set a $17.00 target price on shares of Bojangles and gave the stock a “buy” rating in a report on Tuesday, March 6th. They noted that the move was a valuation call. TheStreet raised shares of Bojangles from a “d+” rating to a “c-” rating in a report on Monday, February 26th. Finally, Jefferies Group lowered shares of Bojangles from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $13.00 in a report on Saturday, December 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.71.
Bojangles (BOJA) traded up $0.55 during trading on Wednesday, reaching $14.85. 667,995 shares of the company traded hands, compared to its average volume of 520,209. Bojangles has a 1-year low of $11.35 and a 1-year high of $22.35. The stock has a market capitalization of $544.39, a PE ratio of 7.94, a PEG ratio of 1.62 and a beta of 1.63. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66.
A number of hedge funds and other institutional investors have recently modified their holdings of BOJA. Amica Retiree Medical Trust bought a new position in shares of Bojangles in the 3rd quarter worth about $119,000. Nationwide Fund Advisors increased its stake in Bojangles by 65.3% during the 2nd quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 3,852 shares in the last quarter. Investors Research Corp bought a new stake in Bojangles during the 4th quarter valued at about $145,000. Engineers Gate Manager LP bought a new stake in Bojangles during the 4th quarter valued at about $153,000. Finally, Alliancebernstein L.P. increased its stake in Bojangles by 30.5% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 91.25% 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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