Bojangles Inc (NASDAQ:BOJA) fell 5.5% on Tuesday . The stock traded as low as $11.75 and last traded at $12.00. 834,290 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 546,799 shares. The stock had previously closed at $12.70.

Several brokerages have recently weighed in on BOJA. TheStreet downgraded Bojangles from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Stephens downgraded Bojangles from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Cowen downgraded Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Bojangles in a research report on Wednesday, January 3rd. Finally, Jefferies Group cut Bojangles from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.75.

The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market cap of $444.83, a P/E ratio of 14.13, a P/E/G ratio of 1.42 and a beta of 1.97.

Bojangles (NASDAQ:BOJA) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Bojangles had a return on equity of 15.11% and a net margin of 6.13%. The business had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $133.88 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. sell-side analysts forecast that Bojangles Inc will post 0.78 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amica Retiree Medical Trust acquired a new stake in Bojangles during the third quarter valued at approximately $119,000. Victory Capital Management Inc. raised its stake in Bojangles by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 1,139 shares in the last quarter. Nationwide Fund Advisors raised its stake in Bojangles by 65.3% during the second quarter. Nationwide Fund Advisors now owns 9,754 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 3,852 shares in the last quarter. Alliancebernstein L.P. raised its stake in Bojangles by 30.5% during the second quarter. Alliancebernstein L.P. now owns 13,700 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 3,200 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Bojangles during the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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About Bojangles

Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. 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.

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