The stock of Zoe’s Kitchen Inc (NYSE:ZOES) reached all time low today, Sep, 30 and still has $19.59 target or 11.00% below today’s $22.01 share price. This indicates more downside for the $406.76M company. This technical setup was reported by Barchart.com. If the $19.59 PT is reached, the company will be worth $44.74M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 661,081 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 35.55% since February 26, 2016 and is downtrending. It has underperformed by 45.97% the S&P500.
Zoe’s Kitchen Inc (NYSE:ZOES) Ratings Coverage
Out of 7 analysts covering Zoe’s Kitchen (NYSE:ZOES), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Zoe’s Kitchen has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by William Blair on Sunday, August 30 with “Buy”. The firm earned “Buy” rating on Friday, November 20 by Maxim Group. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Market Perform” rating given on Tuesday, October 13 by Cowen & Co. The company was maintained on Sunday, August 30 by Deutsche Bank. Robert W. Baird maintained Zoe’s Kitchen Inc (NYSE:ZOES) on Tuesday, August 23 with “Outperform” rating. The rating was downgraded by Zacks on Thursday, August 6 to “Buy”. The firm earned “Hold” rating on Tuesday, July 26 by Stifel Nicolaus. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Buy” rating by Maxim Group on Thursday, October 22. The rating was downgraded by Credit Suisse to “Underperform” on Tuesday, December 15. On Thursday, December 10 the stock rating was maintained by Maxim Group with “Buy”.
According to Zacks Investment Research, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas.”
Insitutional Activity: The institutional sentiment increased to 0.83 in 2016 Q2. Its up 0.06, from 0.77 in 2016Q1. The ratio improved, as 19 funds sold all Zoe’s Kitchen Inc shares owned while 39 reduced positions. 12 funds bought stakes while 36 increased positions. They now own 20.25 million shares or 6.47% less from 21.65 million shares in 2016Q1.
The Washington-based Parametric Portfolio Associate Ltd Liability Corporation has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). Landscape Mngmt Lc accumulated 38,389 shares or 0.18% of the stock. The New Jersey-based Finance Architects has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). Morgan Stanley owns 910,424 shares or 0.01% of their US portfolio. Moreover, Nationwide Fund Advsrs has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 12,723 shares. Tudor Inv Et Al reported 9,100 shares or 0.01% of all its holdings. Mycio Wealth Prtn Lc last reported 20 shares in the company. State Board Of Administration Of Florida Retirement has 0% invested in the company for 9,256 shares. Robertson Opportunity Capital Limited Liability accumulated 3.08% or 105,927 shares. Franklin Res accumulated 0.03% or 1.54M shares. Concourse Capital Mgmt Limited Liability holds 196,494 shares or 4.42% of its portfolio. Moreover, Goldman Sachs Group has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 322,272 shares. The Kansas-based Creative Planning has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.05% in Zoe’s Kitchen Inc (NYSE:ZOES). Moreover, American Gp has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 10,997 shares.
Insider Transactions: Since April 1, 2016, the stock had 0 insider buys, and 2 sales for $2.48 million net activity. Shares for $1.36 million were sold by Hartley Jeremy. Another trade for 30,000 shares valued at $1.12 million was sold by Dollarhyde Greg. The insider Miles Kevin sold $585,000.
More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Fool.com which released: “Zoe’s Kitchen Inc Tempers Investor Expectations” on August 23, 2016, also Fool.com with their article: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” published on August 19, 2016, Fool.com published: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” on July 24, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Fool.com and their article: “Is It Time to Load Up on Zoe’s Kitchen?” published on September 23, 2016 as well as Marketwatch.com‘s news article titled: “Zoe’s Kitchen shares fall on revenue miss, lowered outlook” with publication date: August 22, 2016.
ZOES Company Profile
Zoe’s Kitchen, Inc., incorporated on October 24, 2007, is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs. The Company’s menu offers fresh fruits, vegetables and herbs, grains, olive oil and lean proteins.
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