RBC Capital Starts Bojangles' (BOJA) at Sector Perform

RBC Capital initiates coverage on recent IPO Bojangles' (NASDAQ: BOJA) with a Sector Perform rating and a price target of $30.00, saying they are waiting for a better entry point.

Analyst David Palmer commented, "We believe Bojangles' ability to deliver high quality, protein-rich food at affordable prices will drive long-term outperformance. However, we think the stock's valuation is reflective of the company operating at an extremely high level and we await a more reasonable entry point."

For an analyst ratings summary and ratings history on Bojangles' click here. For more ratings news on Bojangles' click here.

Shares of Bojangles' closed at $28.01 yesterday.

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