The stock of Zoe’s Kitchen Inc (NYSE:ZOES) hit a new 52-week low and has $19.86 target or 10.00% below today’s $22.07 share price. The 7 months bearish chart indicates high risk for the $407.87 million company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $19.86 price target is reached, the company will be worth $40.79 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 576,948 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 company was maintained on Tuesday, August 23 by Deutsche Bank. As per Tuesday, August 25, the company rating was maintained by William Blair. The firm has “Market Perform” rating given on Tuesday, October 13 by Cowen & Co. The rating was maintained by Maxim Group on Thursday, October 22 with “Buy”. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Underperform” rating given on Tuesday, December 15 by Credit Suisse. Maxim Group initiated it with “Buy” rating and $50 target price in Wednesday, August 19 report. Maxim Group maintained the shares of ZOES in a report on Friday, November 20 with “Buy” rating. Robert W. Baird maintained it with “Outperform” rating and $40 target price in Tuesday, August 23 report. As per Friday, February 26, the company rating was maintained by Credit Suisse. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Hold” rating by Stifel Nicolaus on Tuesday, July 26.
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 Q2 2016. 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.
Parametric Limited Co has 0% invested in the company for 64,956 shares. Citigroup owns 654 shares or 0% of their US portfolio. Citadel Limited Liability Co owns 23,097 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 240 shares. The New York-based Blackrock has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). Fincl Bank Of New York Mellon reported 84,857 shares or 0% of all its holdings. The Connecticut-based Tudor Inv Corp Et Al has invested 0.01% in Zoe’s Kitchen Inc (NYSE:ZOES). Wasatch Advsrs Inc accumulated 0.67% or 1.20 million shares. Northern last reported 0% of its portfolio in the stock. Magee Thomson Investment Partners Lc holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 21 shares. Blackrock Institutional Tru Na reported 460,744 shares or 0% of all its holdings. Federated Inc Pa accumulated 0.02% or 212,300 shares. Franklin Res Inc holds 0.03% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 1.54M shares. Neuberger Berman Group Limited Com last reported 0% of its portfolio in the stock. Franklin Street Advsrs Inc Nc has invested 0.21% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES).
Insider Transactions: Since April 1, 2016, the stock had 0 buys, and 2 selling transactions for $2.48 million net activity. Another trade for 15,000 shares valued at $585,000 was made by Miles Kevin on Friday, April 1. Shares for $1.12M were sold by Dollarhyde Greg. $1.36M worth of Zoe’s Kitchen Inc (NYSE:ZOES) shares were sold by Hartley Jeremy.
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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