TIAA CREF Investment Management LLC raised its stake in shares of Bojangles’, Inc. (NASDAQ:BOJA) by 16.2% during the first quarter, Holdings Channel reports. The institutional investor owned 63,406 shares of the restaurant operator’s stock after buying an additional 8,854 shares during the period. TIAA CREF Investment Management LLC’s holdings in Bojangles’ were worth $1,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BOJA. FMR LLC boosted its position in shares of Bojangles’ by 179.2% in the first quarter. FMR LLC now owns 2,702,392 shares of the restaurant operator’s stock valued at $55,398,000 after buying an additional 1,734,355 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Bojangles’ by 24.3% in the first quarter. Tributary Capital Management LLC now owns 782,032 shares of the restaurant operator’s stock valued at $16,032,000 after buying an additional 152,767 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Bojangles’ by 7.4% in the first quarter. Frontier Capital Management Co. LLC now owns 444,242 shares of the restaurant operator’s stock valued at $9,107,000 after buying an additional 30,579 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Bojangles’ by 47.4% in the first quarter. Eagle Asset Management Inc. now owns 197,405 shares of the restaurant operator’s stock valued at $4,046,000 after buying an additional 63,435 shares in the last quarter. Finally, Pier Capital LLC acquired a new position in shares of Bojangles’ during the first quarter valued at approximately $2,903,000. 91.55% of the stock is owned by institutional investors.

Bojangles’, Inc. (BOJA) remained flat at $13.35 during midday trading on Tuesday. The company’s stock had a trading volume of 38,740 shares. Bojangles’, Inc. has a 12 month low of $12.85 and a 12 month high of $22.35. The stock has a market capitalization of $493.94 million, a P/E ratio of 14.22 and a beta of 1.98. The stock’s 50 day moving average price is $15.07 and its 200-day moving average price is $18.16.

Bojangles’ (NASDAQ:BOJA) last announced its earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.61 million. Bojangles’ had a net margin of 6.70% and a return on equity of 17.05%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Equities research analysts forecast that Bojangles’, Inc. will post $0.82 earnings per share for the current fiscal year.

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BOJA has been the subject of several recent research reports. William Blair cut shares of Bojangles’ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 28th. BidaskClub cut shares of Bojangles’ from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. TheStreet raised shares of Bojangles’ from a “c” rating to a “b-” rating in a research report on Monday, May 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price objective on shares of Bojangles’ in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Bojangles’ from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.44.

In other news, Director James R. Kibler sold 25,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $15.47, for a total value of $386,750.00. Following the completion of the transaction, the director now directly owns 71,332 shares in the company, valued at $1,103,506.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 100,000 shares of company stock valued at $1,650,250 over the last 90 days. Insiders own 55.30% of the company’s stock.

Bojangles’ Company Profile

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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Institutional Ownership by Quarter for Bojangles` (NASDAQ:BOJA)

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