Stock Buzzer: Does Bojangles Inc Have More Gas After Achieving 52-Week High?

Stock Buzzer: Does Bojangles Inc Have More Gas After Achieving 52 Week High?

The stock of Bojangles Inc (NASDAQ:BOJA) hit a new 52-week high and has $27.23 target or 46.00% above today’s $18.65 share price. The 9 months bullish chart indicates low risk for the $691.20 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $27.23 price target is reached, the company will be worth $317.95M 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 71,957 shares traded hands. Bojangles Inc (NASDAQ:BOJA) has risen 3.57% since April 19, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.

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. As per Sunday, August 16, the company rating was initiated by Barclays Capital. The stock has “Overweight” rating given by Stephens on Friday, March 11. The stock of Bojangles Inc (NASDAQ:BOJA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, November 5. The firm has “Buy” rating by Bank of America given on Tuesday, December 22. SunTrust upgraded the stock to “Buy” rating in Tuesday, July 28 report. Jefferies maintained it with “Buy” rating and $21 target price in Tuesday, August 9 report. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, March 11. On Monday, August 10 the stock rating was downgraded by Vetr to “Strong-Buy”. The company was initiated on Tuesday, September 20 by Craig Hallum. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, September 26.

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

More notable 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 with their article: “Why Bojangles Inc. Stock Soared 18% Last Month” published on April 09, 2016, Charlotteobserver.com published: “Bojangles’ largest investor registers to sell shares in company” on November 17, 2016. More interesting news about Bojangles Inc (NASDAQ:BOJA) were released by: Fool.com and their article: “How Sustainable Is the Growth Plan at Bojangles Inc?” published on March 22, 2016 as well as Globenewswire.com‘s news article titled: “Bojangles’, Inc. Reports Financial Results for its Third Fiscal Quarter 2016” with publication date: November 03, 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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