Bojangles (BOJA) Shares Down 5.5%
Bojangles Inc (NASDAQ:BOJA) fell 5.5% on Tuesday . The stock traded as low as $11.75 and last traded at $12.00. 834,290 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 546,799 shares. The stock had previously closed at $12.70.
Several brokerages have recently weighed in on BOJA. TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Stephens downgraded Bojangles from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Cowen downgraded Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Bojangles in a research report on Wednesday, January 3rd. Finally, Jefferies Group cut Bojangles from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.75.
The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market cap of $444.83, a P/E ratio of 14.13, a P/E/G ratio of 1.42 and a beta of 1.97.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Amica Retiree Medical Trust acquired a new stake in Bojangles during the third quarter valued at approximately $119,000. Victory Capital Management Inc. raised its stake in Bojangles by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 1,139 shares in the last quarter. Nationwide Fund Advisors raised its stake in Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 3,852 shares in the last quarter. Alliancebernstein L.P. raised its stake in Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 3,200 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Bojangles during the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 89.55% 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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