Other research analysts have also issued reports about the stock. SunTrust Banks restated a buy rating and issued a $19.00 price objective on shares of Bojangles in a research note on Wednesday, January 3rd. ValuEngine raised shares of Bojangles from a hold rating to a buy rating in a report on Friday, December 22nd. BidaskClub raised shares of Bojangles from a hold rating to a buy rating in a report on Wednesday. TheStreet raised shares of Bojangles from a d+ rating to a c- rating in a report on Monday, February 26th. Finally, Jefferies Group downgraded shares of Bojangles from a buy rating to a hold rating and decreased their price objective for the stock from $16.00 to $13.00 in a report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Bojangles has a consensus rating of Hold and an average price target of $15.71.
Bojangles (NASDAQ BOJA) traded up $0.55 during midday trading on Wednesday, reaching $14.85. 667,995 shares of the company’s stock were exchanged, compared to its average volume of 498,794. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $571.65 and a price-to-earnings ratio of 17.89. Bojangles has a one year low of $11.35 and a one year high of $22.35.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Research Inc. bought a new stake in shares of Bojangles during the fourth quarter valued at approximately $11,842,000. Price Michael F bought a new stake in shares of Bojangles during the fourth quarter valued at approximately $5,546,000. Russell Investments Group Ltd. increased its holdings in shares of Bojangles by 1,301.7% during the third quarter. Russell Investments Group Ltd. now owns 420,549 shares of the restaurant operator’s stock valued at $5,677,000 after acquiring an additional 390,547 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of Bojangles during the fourth quarter valued at approximately $3,221,000. Finally, Two Sigma Investments LP increased its holdings in shares of Bojangles by 992.1% during the fourth quarter. Two Sigma Investments LP now owns 273,016 shares of the restaurant operator’s stock valued at $3,222,000 after acquiring an additional 248,016 shares in the last quarter. 91.25% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3253079/bojangles-boja-given-new-11-00-price-target-at-stifel-nicolaus.html.
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.
Receive News & Ratings for Bojangles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bojangles and related companies with MarketBeat.com's FREE daily email newsletter.