Zoe's Kitchen Inc (ZOES) : Concourse Capital Management reduced its stake in Zoe's Kitchen Inc by 0.59% during the most recent quarter end. The investment management company now holds a total of 196,494 shares of Zoe's Kitchen Inc which is valued at $6,922,484 after selling 1,161 shares in Zoe's Kitchen Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Zoe's Kitchen Inc makes up approximately 4.22% of Concourse Capital Management’s portfolio.
Other Hedge Funds, Including , Franklin Street Advisors Inc Nc reduced its stake in ZOES by selling 4,325 shares or 12.62% in the most recent quarter. The Hedge Fund company now holds 29,955 shares of ZOES which is valued at $1,109,533. Zoe's Kitchen Inc makes up approx 0.20% of Franklin Street Advisors Inc Nc’s portfolio.
Zoe's Kitchen Inc closed down -0.07 points or -0.20% at $35.47 with 94,254 shares getting traded on Monday. Post opening the session at $35.54, the shares hit an intraday low of $35.43 and an intraday high of $35.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Zoe's Kitchen Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.04. The company had revenue of $80.41 million for the quarter, compared to analysts expectations of $78.89 million. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Zoe's Kitchen Inc. Telsey Advisory Group Initiated Zoe's Kitchen Inc on Aug 1, 2016 to “Market Perform”, Price Target of the shares are set at $40.Zoe's Kitchen Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016. Buckingham Research Initiated Zoe's Kitchen Inc on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $45.
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.