Bojangles’ (BOJA) is Upgraded by BofA/Merrill to Buy

Bojangles’ (BOJA) is Upgraded by BofA/Merrill to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Bojangles, Inc. (NASDAQ:BOJA) ended Thursday session in red amid volatile trading. The shares closed down 0.12 points or 0.78% at $15.28 with 254,536 shares getting traded. Post opening the session at $15.44, the shares hit an intraday low of $15.15 and an intraday high of $15.5 and the price vacillated in this range throughout the day. The company has a market cap of $549 million and the number of outstanding shares has been calculated to be 35,950,959 shares. The 52-week high of Bojangles, Inc. (NASDAQ:BOJA) is $28.45 and the 52-week low is $15.13.

Bojangles, Inc. (NASDAQ:BOJA) has received a short term rating of strong buy from research analysts at Zacks with a rank of 1. The company has been rated an average of 2.11 by 9 Wall Street Analysts. 4 analysts have added the shares in their list of strong buys. 5 broker firms have advised hold.

Bojangles, Inc. (NASDAQ:BOJA) shares are expected to touch $25 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 3.92. The target price could hit $32 on the higher end and $20 on the lower end.

Bojangles’, Inc. has lost 3.05% in the last five trading days and dropped 11.52% in the last 4 weeks. Bojangles’, Inc. has dropped 24.21% during the last 3-month period . Year-to-Date the stock performance stands at -35.66%.