Bank of New York Mellon Corp trimmed its stake in shares of Bojangles’, Inc. (NASDAQ:BOJA) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,016 shares of the restaurant operator’s stock after selling 22,720 shares during the period. Bank of New York Mellon Corp owned about 0.24% of Bojangles’ worth $1,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOJA. Wells Fargo & Company MN lifted its holdings in shares of Bojangles’ by 5.0% during the first quarter. Wells Fargo & Company MN now owns 55,725 shares of the restaurant operator’s stock valued at $1,143,000 after purchasing an additional 2,657 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Bojangles’ by 21.5% during the first quarter. Swiss National Bank now owns 27,100 shares of the restaurant operator’s stock valued at $556,000 after purchasing an additional 4,800 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Bojangles’ by 21.9% during the first quarter. Parametric Portfolio Associates LLC now owns 28,153 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 5,062 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Bojangles’ by 13.5% during the first quarter. Envestnet Asset Management Inc. now owns 19,571 shares of the restaurant operator’s stock valued at $399,000 after purchasing an additional 2,321 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Bojangles’ by 46.4% during the first quarter. Prudential Financial Inc. now owns 113,550 shares of the restaurant operator’s stock valued at $2,328,000 after purchasing an additional 36,010 shares during the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on BOJA. TheStreet downgraded Bojangles’ from a “c-” rating to a “d+” rating in a report on Friday, October 13th. Stephens downgraded Bojangles’ from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $16.00 target price (down from $20.00) on shares of Bojangles’ in a report on Sunday, July 30th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $21.00 target price on shares of Bojangles’ in a report on Thursday, October 12th. Finally, Zacks Investment Research downgraded Bojangles’ from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.13.

In other Bojangles’ news, Director James R. Kibler sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was 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 of the company’s stock, valued at $1,103,506.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 55.30% of the stock is currently owned by insiders.

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Shares of Bojangles’, Inc. (NASDAQ BOJA) opened at 12.50 on Friday. The company has a 50-day moving average price of $13.24 and a 200 day moving average price of $13.24. The stock has a market capitalization of $462.49 million, a P/E ratio of 13.31 and a beta of 1.97. Bojangles’, Inc. has a 52 week low of $11.85 and a 52 week high of $22.35.

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

Bojangles’ 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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