Greenhouse Funds LLLP trimmed its position in shares of Bojangles Inc (NASDAQ:BOJA) by 18.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 387,850 shares of the restaurant operator’s stock after selling 85,155 shares during the quarter. Bojangles comprises about 1.3% of Greenhouse Funds LLLP’s holdings, making the stock its 22nd biggest holding. Greenhouse Funds LLLP owned 1.05% of Bojangles worth $4,577,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Amica Retiree Medical Trust purchased a new stake in Bojangles during the 3rd quarter valued at about $119,000. Investors Research Corp purchased a new stake in Bojangles during the 4th quarter valued at about $145,000. Engineers Gate Manager LP purchased a new stake in Bojangles during the 4th quarter valued at about $153,000. Nationwide Fund Advisors grew its position 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Bojangles during the 3rd quarter valued at about $223,000. 91.68% of the stock is currently owned by institutional investors.
Bojangles Inc (BOJA) opened at $14.85 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.57 and a current ratio of 0.66. The stock has a market cap of $546.22, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.63 and a beta of 1.63. Bojangles Inc has a one year low of $11.35 and a one year high of $22.35.
Several analysts recently commented on the stock. ValuEngine downgraded shares of Bojangles from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Bojangles from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub raised shares of Bojangles from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Stifel Nicolaus cut their price objective on shares of Bojangles from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, March 7th. Finally, SunTrust Banks set a $17.00 price objective on shares of Bojangles and gave the company a “buy” rating in a research report on Tuesday, March 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.71.
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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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