Zoe’s Kitchen, Inc. (ZOES) Holdings Lowered by Northern Trust Corp

Northern Trust Corp trimmed its stake in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,327 shares of the restaurant operator’s stock after selling 4,606 shares during the quarter. Northern Trust Corp owned about 1.19% of Zoe’s Kitchen worth $2,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ZOES. American International Group Inc. raised its position in shares of Zoe’s Kitchen by 7.1% during the 1st 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. Teachers Advisors LLC raised its position in shares of Zoe’s Kitchen by 0.5% during the 1st quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock worth $4,411,000 after buying an additional 1,110 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Zoe’s Kitchen by 193.3% during the 1st quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock worth $986,000 after buying an additional 31,900 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Zoe’s Kitchen by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock worth $14,629,000 after buying an additional 51,682 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Zoe’s Kitchen by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 145,201 shares of the restaurant operator’s stock worth $2,686,000 after buying an additional 15,085 shares in the last quarter.

Zoe’s Kitchen, Inc. (NYSE ZOES) traded down $0.09 during midday trading on Friday, hitting $13.37. 160,195 shares of the company were exchanged, compared to its average volume of 509,344. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.61 and a current ratio of 0.71. Zoe’s Kitchen, Inc. has a twelve month low of $10.77 and a twelve month high of $27.41.

Zoe’s Kitchen (NYSE:ZOES) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.66%. The business had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. During the same period in the previous year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. research analysts expect that Zoe’s Kitchen, Inc. will post -0.1 EPS for the current fiscal year.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded shares of Zoe’s Kitchen from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Credit Suisse Group dropped their price target on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research report on Friday, August 18th. Robert W. Baird restated a “hold” rating and set a $15.00 price target on shares of Zoe’s Kitchen in a research report on Tuesday, September 19th. Finally, Cowen Inc restated a “hold” rating and set a $12.00 price target on shares of Zoe’s Kitchen in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Zoe’s Kitchen currently has a consensus rating of “Hold” and an average price target of $17.15.

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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.

Institutional Ownership by Quarter for Zoe`s Kitchen (NYSE:ZOES)

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