Shares of Bojangles Inc. (NASDAQ:BOJA) fell 3.6% during trading on Tuesday . The stock traded as low as $17.43 and last traded at $17.53, with a volume of 51,802 shares changing hands. The stock had previously closed at $18.19.

Several research firms have commented on BOJA. Zacks Investment Research lowered shares of Bojangles from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America Corp. reissued a “buy” rating on shares of Bojangles in a research report on Friday, May 6th. Jefferies Group reissued a “buy” rating and set a $22.00 price target on shares of Bojangles in a research report on Friday, May 6th. Stephens reissued an “overweight” rating and set a $22.00 price target (up from $20.00) on shares of Bojangles in a research report on Friday, May 6th. Finally, TheStreet began coverage on shares of Bojangles in a research report on Friday, June 10th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.71.

The firm has a market cap of $633.03 million and a P/E ratio of 21.17. The firm has a 50-day moving average of $17.42 and a 200 day moving average of $16.56.

Bojangles (NASDAQ:BOJA) last released its earnings results on Thursday, May 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm earned $127.70 million during the quarter, compared to analyst estimates of $126.07 million. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Analysts expect that Bojangles Inc. will post $0.90 earnings per share for the current year.

In other news, CFO M John Jordan sold 50,000 shares of Bojangles stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $17.15, for a total value of $857,500.00. Following the completion of the transaction, the chief financial officer now owns 50,000 shares in the company, valued at approximately $857,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Mcgrew Newman sold 10,300 shares of Bojangles stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $17.58, for a total value of $181,074.00. Following the completion of the transaction, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $181,074. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Bojangles stock. Thornburg Investment Management Inc. increased its stake in shares of Bojangles Inc. (NASDAQ:BOJA) by 58.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,373 shares of the company’s stock after buying an additional 35,900 shares during the period. Thornburg Investment Management Inc. owned 0.27% of Bojangles worth $1,545,000 at the end of the most recent quarter.

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.

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