The stock of Zoe’s Kitchen Inc (NYSE:ZOES) is a huge mover today! The stock decreased 3.95% or $0.86 during the last trading session, hitting $20.89. About 1.61 million shares traded hands or 68.06% up from the average. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 39.35% since March 2, 2016 and is downtrending. It has underperformed by 47.61% the S&P500.
The move comes after 5 months negative chart setup for the $393.12 million company. It was reported on Oct, 6 by Barchart.com. We have $18.17 PT which if reached, will make NYSE:ZOES worth $51.11M less.
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 Friday, November 20 by Maxim Group. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, October 13. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Buy” rating by Zacks on Thursday, August 6. Maxim Group maintained it with “Buy” rating and $44 target price in Thursday, December 10 report. Credit Suisse maintained it with “Underperform” rating and $30 target price in Friday, February 26 report. The company was maintained on Tuesday, August 23 by Robert W. Baird. The stock has “Buy” rating given by William Blair on Tuesday, August 25. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Buy” rating given on Thursday, October 22 by Maxim Group. The firm has “Hold” rating by Deutsche Bank given on Sunday, August 30. Credit Suisse downgraded the shares of ZOES in a report on Tuesday, December 15 to “Underperform” rating.
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 is positive, 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.
Zacks Invest Management accumulated 0.02% or 22,272 shares. Tower Rech Capital Ltd Llc (Trc) has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Cupps Cap Mgmt Limited Liability Corp reported 37,650 shares or 0.35% of all its holdings. Suntrust Banks owns 6,000 shares or 0% of their US portfolio. Agf Inc, a Ontario – Canada-based fund reported 119,644 shares. Next Century Growth Invsts Lc has invested 1.01% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Northern has 0% invested in the company for 221,643 shares. Bnp Paribas Arbitrage Sa last reported 740 shares in the company. Blackrock Advisors Llc holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 9,447 shares. Moreover, Blackrock Institutional Tru Company Na has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 460,744 shares. Invesco Limited holds 210,741 shares or 0% of its portfolio. Morgan Stanley last reported 910,424 shares in the company. Columbus Circle holds 377,942 shares or 0.14% of its portfolio. Wellington Mgmt Grp Llp accumulated 0% or 173,375 shares. Blackrock Fund Advisors, a California-based fund reported 493,867 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 2 insider sales for $2.48 million net activity. Another trade for 36,000 shares valued at $1.36 million was made by Hartley Jeremy on Wednesday, June 8. $1.12 million worth of Zoe’s Kitchen Inc (NYSE:ZOES) shares were sold by Dollarhyde Greg.
More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Seekingalpha.com which released: “Problems With Zoe’s Kitchen’s Valuation” on October 04, 2016, also Fool.com with their article: “Zoe’s Kitchen Inc Tempers Investor Expectations” published on August 23, 2016, Valuewalk.com published: “Zoe’s Kitchen Inc (ZOES) â€“ Short Case” on September 27, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Fool.com and their article: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” published on July 24, 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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