Bank of America Corp DE Has $2.50 Million Position in Zoe’s Kitchen, Inc. (NYSE:ZOES)

Bank of America Corp DE decreased its position in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,038 shares of the restaurant operator’s stock after selling 3,956 shares during the period. Bank of America Corp DE’s holdings in Zoe’s Kitchen were worth $2,499,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. American International Group Inc. increased its stake in shares of Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 781 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Zoe’s Kitchen by 0.5% in the first quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock valued at $4,411,000 after buying an additional 1,110 shares in the last quarter. Geneva Advisors LLC increased its stake in shares of Zoe’s Kitchen by 12.0% in the first quarter. Geneva Advisors LLC now owns 20,640 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 2,207 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Zoe’s Kitchen by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 65,991 shares of the restaurant operator’s stock valued at $1,221,000 after buying an additional 3,591 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Zoe’s Kitchen by 44.4% in the first quarter. IFP Advisors Inc now owns 13,000 shares of the restaurant operator’s stock valued at $240,000 after buying an additional 4,000 shares in the last quarter.

Zoe’s Kitchen, Inc. (NYSE ZOES) traded down 0.70% during trading on Thursday, hitting $11.40. The stock had a trading volume of 48,048 shares. Zoe’s Kitchen, Inc. has a 52-week low of $10.77 and a 52-week high of $37.70. The firm has a market cap of $222.16 million, a PE ratio of 542.86 and a beta of 0.37. The company’s 50 day moving average is $11.65 and its 200 day moving average is $16.45.

Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The firm had revenue of $90.60 million during the quarter, compared to analysts’ expectations of $92.61 million. Zoe’s Kitchen had a net margin of 0.15% and a return on equity of 0.62%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. Equities research analysts forecast that Zoe’s Kitchen, Inc. will post ($0.05) earnings per share for the current year.

Several brokerages have commented on ZOES. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price (down from $15.00) on shares of Zoe’s Kitchen in a research note on Monday, July 10th. ValuEngine downgraded Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 target price (down from $26.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Cowen and Company cut their target price on Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 30th. Finally, Jefferies Group LLC cut their target price on Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Zoe’s Kitchen has a consensus rating of “Hold” and an average price target of $19.33.

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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