Jennison Associates LLC decreased its position in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,937,283 shares of the restaurant operator’s stock after selling 35,095 shares during the period. Jennison Associates LLC owned approximately 9.94% of Zoe’s Kitchen worth $23,073,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Thrivent Financial For Lutherans raised its stake in Zoe’s Kitchen by 122.4% in the first quarter. Thrivent Financial For Lutherans now owns 550,470 shares of the restaurant operator’s stock worth $10,184,000 after buying an additional 303,000 shares in the last quarter. American International Group Inc. raised its stake in 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 worth $218,000 after buying an additional 781 shares in the last quarter. Quantbot Technologies LP raised its stake in 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 buying an additional 7,229 shares in the last quarter. Bank of Montreal Can purchased a new stake in Zoe’s Kitchen during the first quarter worth approximately $188,000. Finally, FMR LLC purchased a new stake in Zoe’s Kitchen during the first quarter worth approximately $8,984,000.
Zoe’s Kitchen, Inc. (NYSE:ZOES) opened at 13.34 on Friday. The firm’s market cap is $260.60 million. Zoe’s Kitchen, Inc. has a one year low of $10.77 and a one year high of $28.69. The firm’s 50-day moving average price is $11.78 and its 200 day moving average price is $15.69.
Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $74.30 million for the quarter, compared to analyst estimates of $75.11 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Zoe’s Kitchen, Inc. will post ($0.08) EPS for the current year.
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ZOES has been the topic of a number of research reports. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report 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 report on Tuesday, May 23rd. Robert W. Baird downgraded Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Monday, May 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $15.00 target price (down previously from $21.00) on shares of Zoe’s Kitchen in a report on Tuesday, May 30th. Finally, Cowen and Company dropped their target price on Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating on the stock in a report on Tuesday, May 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Zoe’s Kitchen has a consensus rating of “Hold” and a consensus price target of $17.35.
In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $96,627.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.
About Zoe’s Kitchen
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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