Bojangles was Downgraded to a Hold Rating at William Blair

By Austin Angelo

In a report issued on July 28, Sharon Zackfia from William Blair downgraded Bojangles (NASDAQ: BOJA) to Hold. The company’s shares closed on Friday at $13.30, close to its 52-week high of $22.35.

According to TipRanks.com, Zackfia is a 3-star analyst with an average return of 3.7% and a 54.1% success rate. Zackfia covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Lululemon Athletica Inc, and Cheesecake Factory.

Currently, the analyst consensus on Bojangles is Moderate Buy and the average price target is $17.75, representing a 33.5% upside.

In a report issued on July 27, Piper Jaffray also reiterated a Hold rating on the stock with a $15 price target.

Bojangles’ market cap is currently $486.7M and has a P/E ratio of 13.3. The company has a book value ratio of 2.2222.

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Bojangles’, Inc. operates as a holding company with interests in franchising and operating quick service restaurants. The firm operates restaurants in North Carolina, South Carolina, Georgia, Virginia, Tennessee, Alabama, Florida, Maryland, Kentucky and Pennsylvania, and the District of Columbia.