Bojangles Inc. (NASDAQ:BOJA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “

A number of other equities analysts also recently commented on BOJA. Jefferies Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Bojangles in a report on Saturday, June 25th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Bojangles in a report on Thursday, August 11th. Piper Jaffray Cos. reissued a “neutral” rating and set a $16.00 price target (down previously from $17.00) on shares of Bojangles in a report on Thursday, August 11th. CL King assumed coverage on shares of Bojangles in a report on Monday, September 19th. They set a “strong-buy” rating and a $21.00 price target for the company. Finally, Craig Hallum assumed coverage on shares of Bojangles in a report on Tuesday, September 20th. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.18.

Analyst Recommendations for Bojangles (NASDAQ:BOJA)

Shares of Bojangles (NASDAQ:BOJA) opened at 15.82 on Tuesday. Bojangles has a 52 week low of $13.39 and a 52 week high of $19.75. The company’s 50-day moving average is $15.98 and its 200-day moving average is $17.02. The firm has a market cap of $574.84 million, a PE ratio of 17.01 and a beta of 1.80.

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

In other Bojangles news, VP Eric Mcgrew Newman sold 29,125 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $18.27, for a total value of $532,113.75. Following the sale, the vice president now directly owns 19,125 shares in the company, valued at $349,413.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William A. Kussell sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $16.73, for a total transaction of $418,250.00. Following the completion of the sale, the director now owns 140,896 shares in the company, valued at $2,357,190.08. The disclosure for this sale can be found here. 74.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of BOJA. Copper Rock Capital Partners LLC boosted its stake in shares of Bojangles by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,300,452 shares of the company’s stock valued at $22,043,000 after buying an additional 20,202 shares during the period. Vanguard Group Inc. boosted its stake in shares of Bojangles by 4.4% in the second quarter. Vanguard Group Inc. now owns 611,493 shares of the company’s stock valued at $10,365,000 after buying an additional 25,955 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Bojangles during the second quarter valued at approximately $9,110,000. BlackRock Fund Advisors boosted its stake in shares of Bojangles by 17.9% in the second quarter. BlackRock Fund Advisors now owns 232,484 shares of the company’s stock valued at $3,941,000 after buying an additional 35,244 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Bojangles by 11.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 211,093 shares of the company’s stock valued at $3,578,000 after buying an additional 20,901 shares during the period. Hedge funds and other 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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