Price Change to Note: Is Bojangles Inc a Buy? The Stock Reaches 52-Week High Today

Price Change to Note: Is Bojangles Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Bojangles Inc (NASDAQ:BOJA) hit a new 52-week high and has $20.70 target or 4.00% above today’s $19.90 share price. The 6 months bullish chart indicates low risk for the $738.57M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.70 price target is reached, the company will be worth $29.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 202,984 shares traded hands or 10.72% up from the average. Bojangles Inc (NASDAQ:BOJA) has risen 12.20% since April 25, 2016 and is uptrending. It has outperformed by 6.19% the S&P500.

Analysts await Bojangles Inc (NASDAQ:BOJA) to report earnings on March, 9. They expect $0.22 earnings per share, 0.00% or $0.00 from last year’s $0.22 per share. BOJA’s profit will be $8.17M for 22.61 P/E if the $0.22 EPS becomes a reality. After $0.25 actual earnings per share reported by Bojangles Inc for the previous quarter, Wall Street now forecasts -12.00% negative EPS growth.

Bojangles Inc (NASDAQ:BOJA) Ratings Coverage

Out of 9 analysts covering Bojangles Inc (NASDAQ:BOJA), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Bojangles Inc has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, July 28 by SunTrust. The firm earned “Hold” rating on Sunday, August 16 by Barclays Capital. The firm has “Strong Buy” rating by Craig Hallum given on Tuesday, September 20. On Monday, August 10 the stock rating was downgraded by Vetr to “Strong-Buy”. The stock of Bojangles Inc (NASDAQ:BOJA) has “Buy” rating given on Tuesday, August 9 by Jefferies. As per Friday, March 11, the company rating was maintained by Barclays Capital. Bank of America upgraded Bojangles Inc (NASDAQ:BOJA) on Tuesday, December 22 to “Buy” rating. KeyBanc Capital Markets maintained Bojangles Inc (NASDAQ:BOJA) on Monday, September 26 with “Overweight” rating. RBC Capital Markets maintained Bojangles Inc (NASDAQ:BOJA) on Thursday, November 5 with “Sector Perform” rating. The rating was upgraded by Stephens on Friday, March 11 to “Overweight”.

According to Zacks Investment Research, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina.”

More important recent Bojangles Inc (NASDAQ:BOJA) news were published by: Businesswire.com which released: “Bojangles’®, Inc. Appoints Laura Roberts as Vice President, General Counsel …” on November 18, 2016, also Fool.com published article titled: “Why Bojangles Inc. Stock Soared 18% Last Month”, Fool.com published: “How Sustainable Is the Growth Plan at Bojangles Inc?” on March 22, 2016. More interesting news about Bojangles Inc (NASDAQ:BOJA) was released by: Globenewswire.com and their article: “Bojangles’, Inc. Names William A. Kussell Non-Executive Chairman of the Board” with publication date: June 17, 2016.

BOJA Company Profile

Bojangles’, Inc., incorporated on June 28, 2011, is a restaurant operator and franchisor. The Firm offers a range of items for breakfast, lunch, snack, dinner and after dinner. The Company’s breakfast menu includes its Cajun Filet Biscuit. It also offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixin’s, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice. The Company’s Bo-Smart menu includes items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans. In addition to its individual menu items, it offers combos and family meals, as well as Big Bo Box. The Firm also offers Legendary Iced Tea. It offers Southern style mac ‘n cheese. The Company’s Cajun Filet Biscuit is a biscuit sandwich, featuring its marinated chicken filet. It also offers smoked sausage biscuit and grilled pork chop biscuit.

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