California State Teachers Retirement System grew its holdings in Bojangles Inc (NASDAQ:BOJA) by 55.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,762 shares of the restaurant operator’s stock after purchasing an additional 11,000 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Bojangles worth $500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Credit Suisse AG lifted its stake in Bojangles by 99.8% in the 1st quarter. Credit Suisse AG now owns 29,667 shares of the restaurant operator’s stock worth $608,000 after purchasing an additional 14,819 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Bojangles by 85.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 60,161 shares of the restaurant operator’s stock worth $1,234,000 after purchasing an additional 27,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bojangles by 364.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 258,633 shares of the restaurant operator’s stock worth $5,302,000 after purchasing an additional 202,933 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Bojangles by 33.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,913 shares of the restaurant operator’s stock worth $1,380,000 after purchasing an additional 21,507 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in Bojangles by 191.7% in the 2nd quarter. Citadel Advisors LLC now owns 70,264 shares of the restaurant operator’s stock worth $1,142,000 after purchasing an additional 46,174 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bojangles Inc (NASDAQ BOJA) opened at $13.00 on Thursday. The company has a market cap of $493.02, a P/E ratio of 15.11, a PEG ratio of 1.51 and a beta of 1.98. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Bojangles Inc has a 12-month low of $11.60 and a 12-month high of $22.35.

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

Several research firms have recently commented on BOJA. Stifel Nicolaus began coverage on shares of Bojangles in a research report on Monday, October 2nd. They set a “hold” rating and a $16.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Bojangles from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd. Cowen lowered shares of Bojangles from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and set a $17.00 price target on shares of Bojangles in a research report on Friday, November 3rd. Finally, TheStreet lowered shares of Bojangles from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Bojangles currently has an average rating of “Hold” and a consensus price target of $17.38.

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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.

Institutional Ownership by Quarter for Bojangles (NASDAQ:BOJA)

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