Could Bojangles Incorporated (NASDAQ:BOJA) See a Reversal After Less Sellers Came In?

September 17, 2017 - By Vivian Currie

 Could Bojangles Incorporated (NASDAQ:BOJA) See a Reversal After Less Sellers Came In?

The stock of Bojangles Incorporated (NASDAQ:BOJA) registered a decrease of 6.02% in short interest. BOJA’s total short interest was 1.32M shares in September as published by FINRA. Its down 6.02% from 1.40M shares, reported previously. With 198,200 shares average volume, it will take short sellers 7 days to cover their BOJA’s short positions. The short interest to Bojangles Incorporated’s float is 7.51%.

The stock increased 4.10% or $0.55 on September 15, reaching $13.95. About 585,953 shares traded or 148.67% up from the average. Bojangles Inc (NASDAQ:BOJA) has risen 4.24% since September 17, 2016 and is uptrending. It has underperformed by 12.46% the S&P500.

Bojangles’, Inc. is a restaurant operator and franchisor. The company has market cap of $516.14 million. The Firm offers food made from its Southern recipes. It has a 14.77 P/E ratio. 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.

Bojangles Inc (NASDAQ:BOJA) Ratings Coverage

Among 11 analysts covering Bojangles Inc (NASDAQ:BOJA), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Bojangles Inc had 19 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, March 11, the company rating was maintained by Barclays Capital. Barclays Capital initiated Bojangles Inc (NASDAQ:BOJA) on Sunday, August 16 with “Hold” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $23 target in Thursday, November 5 report. The rating was maintained by KeyBanc Capital Markets on Monday, September 26 with “Overweight”. William Blair downgraded the stock to “Market Perform” rating in Friday, July 28 report. Craig Hallum initiated Bojangles Inc (NASDAQ:BOJA) on Tuesday, September 20 with “Strong Buy” rating. The firm has “Buy” rating by Jefferies given on Tuesday, August 9. Jefferies maintained the shares of BOJA in report on Friday, July 28 with “Buy” rating. The rating was maintained by Jefferies on Friday, March 11 with “Buy”. The stock has “Hold” rating by RBC Capital Markets on Friday, July 28.

Another recent and important Bojangles Inc (NASDAQ:BOJA) news was published by Bizjournals.com which published an article titled: “Bojangles’ maps out Florida, Alabama growth” on August 21, 2017.

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