Norman Fields Gottscho Capital Management Exits Position in Zoe's Kitchen Inc (ZOES)

Zoe's Kitchen Inc (ZOES) : Norman Fields Gottscho Capital Management has sold out all of its stake in Zoe's Kitchen Inc during the most recent quarter, according to the disclosure filed by the company on Oct 4, 2016 with the SEC. The investment management company has sold out 8,725 shares of Zoe's Kitchen Inc which is valued at $182,265.

Zoe's Kitchen Inc closed down -0.74 points or -3.29% at $21.76 with 13,03,890 shares getting traded on Tuesday. Post opening the session at $22.61, the shares hit an intraday low of $21.51 and an intraday high of $22.71 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Zoe's Kitchen Inc reported $0.06 EPS for the quarter, based on the information available during the earnings call on Aug 22, 2016. Analyst had a consensus estimate of $0.06. The company had revenue of $66.30 million for the quarter, compared to analysts expectations of $67.19 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Zoe's Kitchen Inc. Shares were Reiterated by Telsey Advisory Group on Aug 23, 2016 to “Market Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Shares were Reiterated by Maxim Group on Aug 23, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $44 .Shares were Reiterated by Deutsche Bank on Aug 23, 2016 to “Hold” and Lowered the Price Target to $ 34 from a previous price target of $37 .

Zoe’s Kitchen Inc. (Zoes) primarily develops and operates fast-casual restaurants serving a range of Mediterranean dishes. As of December 29 2014 the Company had 129 Company-owned restaurants and three franchise restaurants in 15 states across the United States. The Company’s menu offers meals made generally from scratch using produce proteins and other ingredients that are preservative- and additive-free including its appetizers soups salads and kabobs. Its restaurant size averages approximately 2750 square feet. The Company’s food including both hot and cold items is used for catering in a range of business and social occasions. The Company offers social catering solutions designed for its customers’ life events including Zoes Party Packs which are bundled catering packages for birthday parties baby and bridal showers sporting and outdoor events girls night out and family gatherings.

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