Bojangles (NASDAQ:BOJA) had its price target upped by Stifel Nicolaus from $11.00 to $14.00 in a research report released on Monday morning, Marketbeat reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.
A number of other brokerages have also issued reports on BOJA. Zacks Investment Research lowered shares of Bojangles from a hold rating to a sell rating in a research note on Thursday, March 8th. Barclays lifted their price target on shares of Bojangles from $13.00 to $14.00 and gave the stock an equal weight rating in a research note on Wednesday, March 7th. SunTrust Banks set a $17.00 price target on shares of Bojangles and gave the stock a buy rating in a research note on Tuesday, March 6th. They noted that the move was a valuation call. TheStreet upgraded shares of Bojangles from a d+ rating to a c- rating in a research note on Monday, February 26th. Finally, BidaskClub upgraded shares of Bojangles from a strong sell rating to a sell rating in a research note on Thursday, January 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Bojangles has an average rating of Hold and an average price target of $16.14.
Shares of Bojangles stock opened at $13.80 on Monday. The stock has a market cap of $515.06, a P/E ratio of 16.93, a PEG ratio of 1.54 and a beta of 1.63. Bojangles has a 12 month low of $11.35 and a 12 month high of $22.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.57 and a current ratio of 0.66.
Hedge funds have recently added to or reduced their stakes in the business. Amica Retiree Medical Trust bought a new stake in Bojangles during the third quarter valued at $119,000. Investors Research Corp bought a new stake in Bojangles during the fourth quarter valued at $145,000. Engineers Gate Manager LP bought a new stake in Bojangles during the fourth quarter valued at $153,000. PEAK6 Investments L.P. bought a new stake in Bojangles during the fourth quarter valued at $198,000. Finally, Gotham Asset Management LLC increased its stake in Bojangles by 35.5% during the fourth quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 4,464 shares during the last quarter. Hedge funds and other institutional investors own 92.70% 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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