Federated Investors Inc. PA Has $1.70 Million Stake in Zoe’s Kitchen, Inc. (ZOES)
Federated Investors Inc. PA trimmed its stake in Zoe’s Kitchen, Inc. (NYSE:ZOES) by 7.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,700 shares of the restaurant operator’s stock after selling 12,300 shares during the quarter. Federated Investors Inc. PA owned approximately 0.73% of Zoe’s Kitchen worth $1,700,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZOES. Bank of Montreal Can acquired a new position in shares of Zoe’s Kitchen in the first quarter worth $188,000. Engineers Gate Manager LP acquired a new position in shares of Zoe’s Kitchen in the first quarter worth $1,003,000. Keybank National Association OH raised its holdings in shares of Zoe’s Kitchen by 86.7% in the first quarter. Keybank National Association OH now owns 17,891 shares of the restaurant operator’s stock worth $331,000 after acquiring an additional 8,307 shares during the last quarter. Brown Capital Management LLC raised its holdings in shares of Zoe’s Kitchen by 1.7% in the first quarter. Brown Capital Management LLC now owns 3,277,985 shares of the restaurant operator’s stock worth $60,643,000 after acquiring an additional 53,239 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Zoe’s Kitchen by 1,002.6% in the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 7,229 shares during the last quarter.
A number of equities analysts have recently weighed in on the company. Robert W. Baird cut Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Monday, May 22nd. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Maxim Group reiterated a “buy” rating and issued a $28.00 target price on shares of Zoe’s Kitchen in a research note on Tuesday, May 23rd. ValuEngine lowered Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 target price (down from $26.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Zoe’s Kitchen has a consensus rating of “Hold” and a consensus price target of $17.35.
Shares of Zoe’s Kitchen, Inc. (ZOES) opened at 12.85 on Tuesday. Zoe’s Kitchen, Inc. has a 52-week low of $10.77 and a 52-week high of $27.41. The stock’s market cap is $251.02 million. The firm’s 50-day moving average price is $12.15 and its 200-day moving average price is $14.88.
Zoe’s Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The business had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. During the same period last year, the company earned $0.06 earnings per share. Zoe’s Kitchen’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Zoe’s Kitchen, Inc. will post ($0.09) earnings per share for the current fiscal year.
In other news, Director A Alexander Taylor II acquired 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the acquisition, the director now owns 7,508 shares in the company, valued at $96,627.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.
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Zoe’s Kitchen Company Profile
Zoe’s Kitchen, Inc develops and operates fast-casual restaurants serving a menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients, including its appetizers, soups, salads and kabobs.
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