BB&T Securities LLC boosted its position in Bojangles’, Inc. (NASDAQ:BOJA) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,729 shares of the restaurant operator’s stock after buying an additional 10,226 shares during the period. BB&T Securities LLC owned about 0.15% of Bojangles’ worth $873,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in Bojangles’ by 46.4% in the first quarter. Prudential Financial Inc. now owns 113,550 shares of the restaurant operator’s stock worth $2,328,000 after buying an additional 36,010 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Bojangles’ by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 19,571 shares of the restaurant operator’s stock worth $399,000 after buying an additional 2,321 shares during the last quarter. Alambic Investment Management L.P. increased its stake in shares of Bojangles’ by 58.3% in the first quarter. Alambic Investment Management L.P. now owns 68,126 shares of the restaurant operator’s stock worth $1,397,000 after buying an additional 25,097 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Bojangles’ by 21.9% in the first quarter. Parametric Portfolio Associates LLC now owns 28,153 shares of the restaurant operator’s stock worth $577,000 after buying an additional 5,062 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake 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 worth $4,046,000 after buying an additional 63,435 shares during the last quarter. Institutional investors own 91.26% of the company’s stock.

Shares of Bojangles’, Inc. (BOJA) opened at 13.20 on Wednesday. The firm has a market cap of $488.39 million, a price-to-earnings ratio of 14.06 and a beta of 1.98. Bojangles’, Inc. has a 12 month low of $12.85 and a 12 month high of $22.35. The stock has a 50 day moving average of $14.38 and a 200 day moving average of $17.77.

Bojangles’ (NASDAQ:BOJA) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.61 million. Bojangles’ had a return on equity of 17.05% and a net margin of 6.70%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, equities research analysts expect that Bojangles’, Inc. will post $0.82 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price objective (down previously from $20.00) on shares of Bojangles’ in a research report on Sunday, July 30th. TheStreet cut shares of Bojangles’ from a “b-” rating to a “c” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Bojangles’ from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $20.00 target price on shares of Bojangles’ in a research report on Sunday, July 30th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $18.00 target price on shares of Bojangles’ in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.44.

In related news, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $16.41, for a total transaction of $410,250.00. Following the sale, the director now owns 71,332 shares in the company, valued at approximately $1,170,558.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 75,000 shares of company stock worth $1,218,250 in the last 90 days. 55.30% of the stock is currently owned by corporate insiders.

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

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