Filings Don’t Lie: Zoe’s Kitchen, Inc: Brown Capital Management Llc Opened Big New Position

Filings Don't Lie: Zoe's Kitchen, Inc: Brown Capital Management Llc Opened Big New Position

The New Brown Capital Management Llc Holding in Zoe’s Kitchen, Inc

Brown Capital Management Llc filed with the SEC SC 13G form for Zoe’s Kitchen, Inc. The form can be accessed here: 000139834416020538. As reported in Brown Capital Management Llc’s form, the filler as of late owns 8.7% or 1,693,817 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 Brown Capital Management Llc’s positive view for the stock. For a institutional investor managing $7.02 billion in assets and having 34+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

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.

Brown Capital Management Llc website.

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.06, from 0.77 in 2016Q1. The ratio increased, 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.

Moreover, Wellington Mgmt Gp Llp has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 173,375 shares. First Mercantile Trust has 0.04% invested in the company for 8,100 shares. Moreover, Deutsche Commercial Bank Ag has 0.02% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 630,599 shares. Sib Llc owns 190 shares or 0.01% of their US portfolio. National Bank Of America De has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Carroll Associate Inc has 300 shares for 0% of their US portfolio. Us Financial Bank De last reported 0% of its portfolio in the stock. Goldman Sachs Grp last reported 322,272 shares in the company. Teachers Advsr Incorporated reported 220,089 shares or 0.01% of all its holdings. Tower Rech Cap Ltd Liability Corp (Trc) last reported 1,361 shares in the company. Columbia Wanger Asset Mgmt Ltd Com owns 320,256 shares or 0.13% of their US portfolio. Raymond James has 0.01% invested in the company for 47,390 shares. Zacks Investment Management holds 22,272 shares or 0.02% of its portfolio. Mycio Wealth Ltd Liability Co has 20 shares for 0% of their US portfolio. Franklin Res has 0.03% invested in the company for 1.54 million shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 2 selling transactions for $2.48 million net activity. On Wednesday, June 8 Hartley Jeremy sold $1.36M worth of the stock or 36,000 shares. Dollarhyde Greg sold $1.12M worth of stock.

The stock decreased 0.09% or $0.02 on November 9, hitting $22.57. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 41.21% since April 8, 2016 and is downtrending. It has underperformed by 46.86% 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 $456.15 million. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. It has a 157.64 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 54.32% above today’s ($22.57) stock price. Zoe’s Kitchen has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was maintained by Maxim Group. Credit Suisse downgraded the stock to “Underperform” rating in Tuesday, December 15 report. Credit Suisse maintained Zoe’s Kitchen Inc (NYSE:ZOES) on Friday, February 26 with “Underperform” rating. The company was maintained on Thursday, October 22 by Maxim Group. The rating was maintained by Deutsche Bank on Sunday, August 30 with “Hold”. As per Monday, November 7, the company rating was maintained by Maxim Group. The firm has “Buy” rating given on Wednesday, August 19 by Maxim Group. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Buy” rating given on Tuesday, August 25 by William Blair. As per Tuesday, October 13, the company rating was initiated by Cowen & Co. The firm has “Buy” rating given on Thursday, August 6 by Zacks.

More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Fool.com which released: “Zoe’s Kitchen Inc Tempers Investor Expectations” on August 23, 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 Second Quarter Earnings: What to Watch” on August 19, 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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