The stock of Zoe’s Kitchen Inc (NYSE:ZOES) is a huge mover today! About 467,537 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 39.79% since April 14, 2016 and is downtrending. It has underperformed by 44.47% the S&P500.
The move comes after 9 months positive chart setup for the $437.38 million company. It was reported on Nov, 16 by Barchart.com. We have $53.31 PT which if reached, will make NYSE:ZOES worth $542.35 million more.
Zoe’s Kitchen Inc (NYSE:ZOES) Ratings Coverage
Out of 8 analysts covering Zoe’s Kitchen (NYSE:ZOES), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Zoe’s Kitchen has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Friday, February 26 by Credit Suisse. Deutsche Bank maintained Zoe’s Kitchen Inc (NYSE:ZOES) rating on Sunday, August 30. Deutsche Bank has “Hold” rating and $35 price target. The rating was maintained by William Blair on Tuesday, August 25 with “Buy”. Zacks downgraded the stock to “Buy” rating in Thursday, August 6 report. The stock has “Buy” rating given by Maxim Group on Thursday, December 10. The firm earned “Market Perform” rating on Tuesday, October 13 by Cowen & Co. Deutsche Bank maintained Zoe’s Kitchen Inc (NYSE:ZOES) rating on Tuesday, August 23. Deutsche Bank has “Hold” rating and $34 price target. As per Monday, November 7, the company rating was maintained by Maxim Group. The firm has “Underperform” rating by Credit Suisse given on Tuesday, December 15. Stifel Nicolaus downgraded the shares of ZOES in a report on Tuesday, July 26 to “Hold” 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 2016 Q2. Its up 0.06, from 0.77 in 2016Q1. The ratio increased, 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.
Schwab Charles Invest Management Inc holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 65,350 shares. Smithfield Tru holds 115 shares or 0% of its portfolio. Harvest Strategies Limited Liability last reported 0.56% of its portfolio in the stock. Moreover, Nationwide Fund Advsrs has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 12,723 shares. Morgan Stanley holds 0.01% or 910,424 shares in its portfolio. Moreover, Pnc Serv Grp Inc has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 11,400 shares. The Florida-based Raymond James Assoc has invested 0.01% in Zoe’s Kitchen Inc (NYSE:ZOES). Miura Glob Limited Liability Com last reported 800,000 shares in the company. Landscape Cap Management Ltd Llc holds 38,389 shares or 0.18% of its portfolio. State Board Of Administration Of Florida Retirement Sys reported 9,256 shares or 0% of all its holdings. Moreover, Metropolitan Life Insurance Ny has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 13,738 shares. Norman Fields Gottscho Management Limited Liability Corporation has 8,725 shares for 0.22% of their US portfolio. Cupps Cap Management Limited Liability Corp last reported 0.35% of its portfolio in the stock. Suntrust Banks Inc holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 6,000 shares. Franklin Street Advisors Nc holds 0.21% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 29,955 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 2 selling transactions for $2.48 million net activity. Another trade for 30,000 shares valued at $1.12 million was made by Dollarhyde Greg on Friday, June 3. Hartley Jeremy had sold 36,000 shares worth $1.36 million on Wednesday, June 8.
More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Foxbusiness.com which released: “Zoe’s Kitchen Inc. Trims Full-Year Forecast Amid Lower Comps and Higher Costs” on November 15, 2016, also Schaeffersresearch.com with their article: “Analyst Update: Zoe’s Kitchen Inc, Amazon.com, Inc., and SunPower Corporation” published on November 15, 2016, Fool.com published: “Zoe’s Kitchen Inc Tempers Investor Expectations” on August 23, 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 Fool.com‘s news article titled: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” with publication date: August 19, 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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