The stock of Zoe’s Kitchen Inc (NYSE:ZOES) is a huge mover today! About 494,244 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 41.21% since April 8, 2016 and is downtrending. It has underperformed by 46.86% the S&P500.
The move comes after 6 months positive chart setup for the $480.61 million company. It was reported on Nov, 10 by Barchart.com. We have $58.02 PT which if reached, will make NYSE:ZOES worth $692.08 million more.
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 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Maxim Group initiated it with “Buy” rating and $50 target price in Wednesday, August 19 report. Robert W. Baird maintained Zoe’s Kitchen Inc (NYSE:ZOES) rating on Tuesday, August 23. Robert W. Baird has “Outperform” rating and $40 price target. The rating was maintained by William Blair on Tuesday, August 25 with “Buy”. The company was maintained on Tuesday, August 23 by Deutsche Bank. The company was maintained on Friday, February 26 by Credit Suisse. Maxim Group maintained it with “Buy” rating and $48 target price in Thursday, October 22 report. The company was maintained on Friday, November 20 by Maxim Group. Deutsche Bank maintained Zoe’s Kitchen Inc (NYSE:ZOES) on Sunday, August 30 with “Hold” rating. The stock has “Buy” rating given by Maxim Group on Thursday, December 10. The firm has “Market Perform” rating given on Tuesday, October 13 by Cowen & Co.
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.
State Street Corp accumulated 0% or 315,435 shares. Landscape Mngmt Ltd Liability, a New Jersey-based fund reported 38,389 shares. Jennison Assoc Ltd Co owns 1.20M shares or 0.05% of their US portfolio. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 1,960 shares. Mackenzie Finance has 0% invested in the company for 20,013 shares. Stifel Finance holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 12,031 shares. Teachers holds 0.01% or 220,089 shares in its portfolio. Barclays Public Ltd Liability holds 12 shares or 0% of its portfolio. Tudor Invest Corp Et Al accumulated 0.01% or 9,100 shares. Alliancebernstein L P holds 0.02% or 742,217 shares in its portfolio. The Pennsylvania-based Nationwide Fund Advsrs has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). Moreover, Blackrock Gp Limited has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 6,513 shares. Harvest Cap Strategies Limited Liability accumulated 0.56% or 110,000 shares. Thompson Davis Incorporated accumulated 250 shares or 0.01% of the stock. Millennium Ltd Limited Liability Company has 10,876 shares for 0% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 2 selling transactions for $2.48 million net activity. On Friday, June 3 Dollarhyde Greg sold $1.12M worth of the stock or 30,000 shares. Shares for $1.36M were sold by Hartley Jeremy on Wednesday, June 8.
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: Why the Disconnect Between Business and Stock Performance?” published on July 24, 2016, Fool.com published: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” on August 19, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Valuewalk.com and their article: “Zoe’s Kitchen Inc (ZOES) â€“ Short Case” published on September 27, 2016 as well as Fool.com‘s news article titled: “Zoe’s Kitchen Stock Is Getting Hungry” with publication date: September 13, 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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