Bojangles Inc (BOJA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bojangles Inc (NASDAQ:BOJA) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research analysts recently commented on BOJA shares. BidaskClub downgraded Bojangles from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Zacks Investment Research downgraded Bojangles from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 9th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Bojangles by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 214,636 shares of the restaurant operator’s stock valued at $3,451,000 after purchasing an additional 11,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bojangles by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,769,425 shares of the restaurant operator’s stock worth $28,452,000 after buying an additional 51,328 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Bojangles during the 4th quarter worth approximately $98,000. MetLife Investment Advisors LLC bought a new position in Bojangles during the 4th quarter worth approximately $133,000. Finally, Paloma Partners Management Co bought a new position in Bojangles during the 4th quarter worth approximately $179,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

BOJA remained flat at $$16.09 on Friday. The company has a market capitalization of $604.18 million, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 and a beta of 0.92. Bojangles has a 52-week low of $11.35 and a 52-week 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.

About Bojangles

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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