Stock analysts at Craig Hallum started coverage on shares of Bojangles Inc. (NASDAQ:BOJA) in a research report issued on Tuesday. The brokerage set a “strong-buy” rating on the stock.

Other equities research analysts have also issued reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $21.00 target price (down from $22.00) on shares of Bojangles in a research report on Thursday, August 11th. Zacks Investment Research raised Bojangles from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. TheStreet started coverage on Bojangles in a research report on Friday, June 10th. They set a “hold” rating on the stock. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $16.00 target price (down from $17.00) on shares of Bojangles in a research report on Thursday, August 11th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $19.00 target price (down from $20.00) on shares of Bojangles in a research report on Thursday, August 11th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Bojangles presently has an average rating of “Buy” and a consensus target price of $20.00.

Bojangles (NASDAQ:BOJA) opened at 16.01 on Tuesday. The firm has a market capitalization of $581.74 million, a price-to-earnings ratio of 17.22 and a beta of 1.81. Bojangles has a 1-year low of $13.39 and a 1-year high of $19.75. The stock has a 50 day moving average price of $16.43 and a 200 day moving average price of $17.07.

Bojangles (NASDAQ:BOJA) last announced its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $132.77 million. Bojangles had a return on equity of 20.17% and a net margin of 6.76%. Bojangles’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Analysts predict that Bojangles will post $0.90 EPS for the current year.

In other news, insider Kenneth E. Avery sold 4,521 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.50, for a total transaction of $83,638.50. Following the completion of the sale, the insider now owns 4,521 shares in the company, valued at approximately $83,638.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Kussell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $16.73, for a total value of $418,250.00. Following the sale, the director now owns 140,896 shares of the company’s stock, valued at approximately $2,357,190.08. The disclosure for this sale can be found here. 74.40% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. bought a new stake in Bojangles during the second quarter valued at about $179,000. Teachers Advisors Inc. increased its stake in Bojangles by 19.5% in the second quarter. Teachers Advisors Inc. now owns 13,814 shares of the company’s stock valued at $234,000 after buying an additional 2,252 shares during the period. Trexquant Investment LP bought a new stake in Bojangles during the second quarter valued at about $239,000. California State Teachers Retirement System increased its stake in Bojangles by 14.9% in the second quarter. California State Teachers Retirement System now owns 20,562 shares of the company’s stock valued at $349,000 after buying an additional 2,659 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Bojangles by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,714 shares of the company’s stock valued at $352,000 after buying an additional 336 shares during the period. Institutional investors own 86.79% of the company’s stock.

About Bojangles

Bojangles’, Inc is a restaurant operator and franchisor. The Company 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.

5 Day Chart for NASDAQ:BOJA

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