What Next for Zoe’s Kitchen Inc Stock After Today’s Bullish Options Activity?

 What Next for Zoe's Kitchen Inc Stock After Today's Bullish Options Activity?

In today’s session Zoe’s Kitchen Inc (ZOES) registered an unusually high (373) 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 373 contracts traded and 8554 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ZOES161118C00025000 closed last at: $0.4 or 60% up. About 108,256 shares traded hands. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 36.40% since April 11, 2016 and is downtrending. It has underperformed by 42.55% 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. $50 is the highest target while $30 is the lowest. The $34.83 average target is 44.82% above today’s ($24.05) stock price. Zoe’s Kitchen has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, October 22 the stock rating was maintained by Maxim Group with “Buy”. The company was maintained on Thursday, December 10 by Maxim Group. As per Tuesday, August 23, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Wednesday, August 19 by Maxim Group. The rating was maintained by Robert W. Baird with “Outperform” on Tuesday, August 23. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, July 26 report. William Blair maintained the stock with “Buy” rating in Tuesday, August 25 report. Credit Suisse downgraded the shares of ZOES in a report on Tuesday, December 15 to “Underperform” rating. Maxim Group maintained the stock with “Buy” rating in Friday, November 20 report. The firm has “Buy” rating given on Sunday, August 30 by William Blair.

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 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.
Mycio Wealth Prtn Limited Liability Company, a Pennsylvania-based fund reported 20 shares. Franklin last reported 1.54 million shares in the company. Moreover, Bamco Ny has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 2,500 shares. Franklin Street Advisors Nc accumulated 0.21% or 29,955 shares. New York State Common Retirement Fund accumulated 19,600 shares or 0% of the stock. The Ontario – Canada-based Royal Financial Bank Of Canada has invested 0% in Zoe’s Kitchen Inc (NYSE:ZOES). Numeric Ltd Limited Liability Company reported 61,200 shares or 0.02% of all its holdings. Rhumbline Advisers owns 19,002 shares or 0% of their US portfolio. Us Fincl Bank De last reported 0% of its portfolio in the stock. Smithfield Tru reported 115 shares or 0% of all its holdings. Alliancebernstein L P holds 0.02% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 742,217 shares. Teachers Advisors Inc last reported 220,089 shares in the company. Blackrock Institutional Na last reported 460,744 shares in the company. Concourse Cap Management Ltd Llc last reported 196,494 shares in the company. Moreover, Mufg Americas has 0% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 540 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 2 insider sales for $2.48 million net activity. On Wednesday, June 8 the insider Hartley Jeremy sold $1.36 million. $1.12M worth of Zoe’s Kitchen Inc (NYSE:ZOES) was sold by Dollarhyde Greg on Friday, June 3.

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 $489.74 million. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. It has a 167.98 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: Zacks.com which released: “Zoe’s Kitchen (ZOES) Q3 Earnings Preview: What to Expect?” on November 11, 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 Second Quarter Earnings: What to Watch” on August 19, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Fool.com and their article: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” published on July 24, 2016 as well as Valuewalk.com‘s news article titled: “Zoe’s Kitchen Inc (ZOES) – Short Case” with publication date: September 27, 2016.

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