BidaskClub cut shares of Bojangles (NASDAQ:BOJA) from a buy rating to a hold rating in a report released on Wednesday morning.
Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Bojangles from a hold rating to a buy rating in a report on Friday, September 28th. Zacks Investment Research downgraded shares of Bojangles from a buy rating to a hold rating in a report on Monday, August 6th. SunTrust Banks downgraded shares of Bojangles from a buy rating to a hold rating and set a $16.00 price target on the stock. in a research note on Friday, November 9th. Finally, KeyCorp assumed coverage on shares of Bojangles in a research note on Wednesday, October 3rd. They issued a sector weight rating on the stock. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bojangles presently has an average rating of Hold and an average target price of $15.00.
NASDAQ:BOJA opened at $16.09 on Wednesday. Bojangles has a one year low of $11.35 and a one year high of $17.10. The firm has a market capitalization of $604.16 million, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 0.73.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Bojangles by 4.6% in the third quarter. Vanguard Group Inc. now owns 1,505,072 shares of the restaurant operator’s stock valued at $23,629,000 after acquiring an additional 66,579 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in shares of Bojangles in the third quarter valued at about $4,774,000. Teachers Advisors LLC grew its stake in shares of Bojangles by 19.2% in the third quarter. Teachers Advisors LLC now owns 36,784 shares of the restaurant operator’s stock valued at $578,000 after acquiring an additional 5,921 shares in the last quarter. IndexIQ Advisors LLC grew its stake in shares of Bojangles by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 164,133 shares of the restaurant operator’s stock valued at $2,577,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of Bojangles in the third quarter valued at about $935,000. Institutional investors and hedge funds own 89.14% of the company’s stock.
Bojangles Company Profile
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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