Shares of Bojangles Inc. (NASDAQ:BOJA) were down 7% on Tuesday . The stock traded as low as $16.76 and last traded at $17.05, with a volume of 555,740 shares trading hands. The stock had previously closed at $18.33.

Several analysts recently weighed in on BOJA shares. Zacks Investment Research raised Bojangles from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, May 10th. Bank of America Corp. reissued a “buy” rating on shares of Bojangles in a report on Friday, May 6th. Jefferies Group reissued a “buy” rating and issued a $21.00 price objective (down from $22.00) on shares of Bojangles in a report on Thursday. TheStreet started coverage on Bojangles in a report on Friday, June 10th. They issued a “hold” rating for the company. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $16.00 price objective (down from $17.00) on shares of Bojangles in a report on Thursday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.10.

The firm has a market capitalization of $603.18 million and a price-to-earnings ratio of 17.83. The stock has a 50-day moving average of $17.33 and a 200 day moving average of $16.70.

Bojangles (NASDAQ:BOJA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. During the same period last year, the company earned $0.23 EPS. The business earned $131.60 million during the quarter, compared to analyst estimates of $132.77 million. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that Bojangles Inc. will post $0.90 EPS for the current year.

In other news, insider Kenneth E. Avery sold 4,521 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $18.50, for a total transaction of $83,638.50. Following the completion of the sale, the insider now owns 4,521 shares of the company’s stock, valued at $83,638.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO M John Jordan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $17.15, for a total transaction of $857,500.00. Following the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $857,500. The disclosure for this sale can be found here.

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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