Breaking: Zoe’s Kitchen, Inc Has Another Bullish Trade, Jpmorgan Chase & Co Bought Stake!

Breaking: Zoe's Kitchen, Inc Has Another Bullish Trade, Jpmorgan Chase & Co Bought Stake!

The New Jpmorgan Chase & Co Holding in Zoe’s Kitchen, Inc

Jpmorgan Chase & Co filed with the SEC SC 13G form for Zoe’s Kitchen, Inc. The form can be accessed here: 000001961716001204. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 10.8% or 2,113,796 shares of the Consumer Discretionary–company.

Zoe’s Kitchen, Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.

Zoe’s Kitchen, Inc Institutional Sentiment

Latest Security and Exchange filings show 126 investors own Zoe’s Kitchen, Inc. The institutional ownership in Q3 2015 is high, at 124.80% of the outstanding shares. This is increased by 2151721 the total institutional shares. 24286314 were the shares owned by these institutional investors. In total 22 funds opened new Zoe’s Kitchen, Inc stakes, 52 increased stakes. There were 23 that closed positions and 39 reduced them.

Pasco Alfaro / Richard Tumure Miura Global Management Llc is an institutional investor bullish on Zoe’s Kitchen, Inc, owning 1707000 shares as of Q3 2015 for 3.69% of its portfolio. Concourse Capital Management Llc owns 277060 shares or 5.52% of its portfolio. NY Norman Fields Gottscho Capital Management Llc have 0.24% of their stock portfolio for 8725 shares. Further, Pathstone Family Office Llc reported stake worth 0.05% of its US stock portfolio. The NC Franklin Street Advisors Inc owns 45605 shares. Zoe’s Kitchen, Inc is 0.36% of the manager’s US portfolio.

Business Profile

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 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 ranges from its hummus varieties, made fresh daily and served with warm pita bread, to its salads and kabobs. The Company offers its customers various items, such as its chicken, steak and salmon kabobs, and chicken and spinach roll-ups (tortillas stuffed with feta cheese, grilled chicken, sundried tomatoes and spinach), each of which is served with a choice of a side item, such as braised rosemary white beans, rice pilaf, pasta salad, roasted vegetables or seasonal fruit.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

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.

Parametric Port Assoc Ltd Liability Com has 0% invested in the company for 64,956 shares. Neuberger Berman Group Inc Lc has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Sib Ltd reported 190 shares or 0.01% of all its holdings. Timpani Mgmt Lc has 0.4% invested in the company for 25,942 shares. Tiaa Cref Limited Liability Corp reported 676,190 shares or 0.02% of all its holdings. Blue Bell Private Wealth Mngmt Ltd Liability accumulated 0.01% or 375 shares. Moreover, Alliancebernstein Limited Partnership has 0.02% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 742,217 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 1,960 shares. Northern Tru Corporation holds 0% or 221,643 shares in its portfolio. Pacad Invest Ltd reported 900 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Federated Invsts Inc Pa holds 0.02% or 212,300 shares in its portfolio. Salem Investment Counselors accumulated 36,050 shares or 0.16% of the stock. Geode Cap Mgmt Ltd Com holds 125,427 shares or 0% of its portfolio. The New York-based X Mgmt Ltd Liability Com has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES).

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 2 sales for $2.48 million net activity. Another trade for 36,000 shares valued at $1.36M was made by Hartley Jeremy on Wednesday, June 8. The insider Dollarhyde Greg sold $1.12M.

About 29,192 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 42.56% since April 5, 2016 and is downtrending. It has underperformed by 44.51% the S&P500.

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 $446.14 million. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. It has a 158.76 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.

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. $50 is the highest target while $30 is the lowest. The $34.83 average target is 53.23% above today’s ($22.73) stock price. Zoe’s Kitchen has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, August 25 by William Blair. The firm has “Buy” rating given on Thursday, August 6 by Zacks. As per Tuesday, August 23, the company rating was maintained by Robert W. Baird. Maxim Group maintained the shares of ZOES in a report on Friday, November 20 with “Buy” rating. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Underperform” rating by Credit Suisse on Friday, February 26. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) earned “Buy” rating by Maxim Group on Monday, November 7. As per Tuesday, October 13, the company rating was initiated by Cowen & Co. As per Thursday, December 10, the company rating was maintained by Maxim Group. The rating was maintained by William Blair with “Buy” on Sunday, August 30. Maxim Group maintained Zoe’s Kitchen Inc (NYSE:ZOES) on Thursday, October 22 with “Buy” rating.

More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Fool.com which released: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” on August 19, 2016, also Fool.com with their article: “Zoe’s Kitchen Inc Tempers Investor Expectations” published on August 23, 2016, Fool.com published: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” on July 24, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Valuewalk.com and their article: “Zoe’s Kitchen Inc (ZOES) – Short Case” published on September 27, 2016 as well as Fool.com‘s news article titled: “Zoe’s Kitchen Stock Is Getting Hungry” with publication date: September 13, 2016.

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.”

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.

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