Bojangles (BOJA) Downgraded by BidaskClub
BidaskClub cut shares of Bojangles (NASDAQ:BOJA) from a buy rating to a hold rating in a report issued on Wednesday morning.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Bojangles from a sell rating to a hold rating and set a $18.00 price target for the company in a research report on Friday, November 9th. SunTrust Banks downgraded shares of Bojangles from a buy rating to a hold rating and set a $16.00 price target for the company. in a research report on Friday, November 9th. KeyCorp initiated coverage on shares of Bojangles in a research report on Wednesday, October 3rd. They set a sector weight rating for the company. Finally, ValuEngine upgraded Bojangles from a hold rating to a buy rating in a research note on Friday, September 28th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Bojangles has a consensus rating of Hold and an average target price of $15.50.
Shares of BOJA stock remained flat at $$16.08 during mid-day trading on Wednesday. 2,793,023 shares of the stock were exchanged, compared to its average volume of 760,662. Bojangles has a twelve month low of $11.35 and a twelve month high of $17.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of $604.16 million, a P/E ratio of 19.37, a P/E/G ratio of 1.64 and a beta of 0.92.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Management LLC bought a new position in Bojangles during the third quarter worth $157,000. California Public Employees Retirement System bought a new position in Bojangles during the second quarter worth $173,000. Stone Ridge Asset Management LLC bought a new position in Bojangles during the third quarter worth $182,000. First Trust Advisors LP bought a new position in Bojangles during the second quarter worth $184,000. Finally, Rhumbline Advisers lifted its stake in Bojangles by 27.4% during the second quarter. Rhumbline Advisers now owns 17,111 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 90.97% of the company’s stock.
Bojangles', Inc develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin's, and iced tea. As of July 1, 2018, the company operated 766 system-wide restaurants, including 325 company-operated and 441 franchised restaurants primarily located in the Southeastern United States.
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