Zoe’s Kitchen Inc on Focus After Bullish Options Activity

 Zoe's Kitchen Inc on Focus After Bullish Options Activity

In today’s session Zoe’s Kitchen Inc (ZOES) registered an unusually high (523) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ZOES increase. With 523 contracts traded and 1424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ZOES161118C00025000 closed last at: $0.55 or 8.3% down. About 242,161 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 42.49% since March 14, 2016 and is downtrending. It has underperformed by 48.10% the S&P500.

Zoe’s Kitchen Inc (NYSE:ZOES) Ratings Coverage

Out of 7 analysts covering Zoe’s Kitchen (NYSE:ZOES), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Zoe’s Kitchen has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Buy” rating given on Sunday, August 30 by William Blair. The stock has “Underperform” rating given by Credit Suisse on Friday, February 26. The firm has “Buy” rating by William Blair given on Tuesday, August 25. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Outperform” rating by Robert W. Baird on Tuesday, August 23. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Buy” rating given on Wednesday, August 19 by Maxim Group. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Hold” rating by Deutsche Bank on Tuesday, August 23. The stock has “Hold” rating given by Deutsche Bank on Sunday, August 30. The company was downgraded on Thursday, August 6 by Zacks. On Thursday, October 22 the stock rating was maintained by Maxim Group with “Buy”. Maxim Group maintained the stock with “Buy” rating in Friday, November 20 report.

According to Zacks Investment Research, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas.”

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.06, from 0.77 in 2016Q1. The ratio improved, as 19 funds sold all Zoe’s Kitchen Inc shares owned while 39 reduced positions. 12 funds bought stakes while 36 increased positions. They now own 20.25 million shares or 6.47% less from 21.65 million shares in 2016Q1.
Financial Architects holds 0% or 80 shares in its portfolio. Schwab Charles Investment Mgmt has 0% invested in the company for 65,350 shares. The New York-based Teachers Advsr has invested 0.01% in Zoe’s Kitchen Inc (NYSE:ZOES). Rhumbline Advisers has 0% invested in the company for 19,002 shares. Neuberger Berman Ltd Limited Liability Company last reported 24,650 shares in the company. Alliancebernstein Limited Partnership holds 742,217 shares or 0.02% of its portfolio. Global X Mngmt Co Limited Company, a New York-based fund reported 180 shares. Norman Fields Gottscho Mngmt Lc reported 8,725 shares or 0.22% of all its holdings. Millennium Mgmt Lc has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Teacher Retirement Of Texas holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 2,592 shares. Next Century Growth Investors Ltd Liability Corporation holds 1.01% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 594,858 shares. Moreover, Northern Trust has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 221,643 shares. Retail Bank Of America De accumulated 0% or 116,158 shares. Ubs Asset Mgmt Americas has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Salem Invest Counselors has 36,050 shares for 0.16% of their US portfolio.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 2 selling transactions for $2.48 million net activity. Hartley Jeremy sold 36,000 shares worth $1.36M. On Friday, June 3 the insider Dollarhyde Greg sold $1.12M.

Zoe’s Kitchen, Inc. is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The company has a market cap of $437.57 million. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. It has a 153.8 P/E ratio. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs.

ZOES Company Profile

Zoe’s Kitchen, Inc., incorporated on October 24, 2007, is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs. The Company’s menu offers fresh fruits, vegetables and herbs, grains, olive oil and lean proteins.

More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Valuewalk.com which released: “Zoe’s Kitchen Inc (ZOES) – Short Case” on September 27, 2016, also Fool.com with their article: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” published on July 24, 2016, Fool.com published: “Zoe’s Kitchen Inc Tempers Investor Expectations” on August 23, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Fool.com and their article: “Zoe’s Kitchen Stock Is Getting Hungry” published on September 13, 2016 as well as Marketwatch.com‘s news article titled: “Zoe’s Kitchen shares fall on revenue miss, lowered outlook” with publication date: August 22, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment