Price Action to Note: What’s in Zoe’s Kitchen Inc After Today’s Big Decline?

Price Action to Note: What's in Zoe's Kitchen Inc After Today's Big Decline?

The stock of Zoe’s Kitchen Inc (NYSE:ZOES) is a huge mover today! About 4.18M shares traded hands or 522.78% up from the average. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 35.83% since April 13, 2016 and is downtrending. It has underperformed by 39.76% the S&P500.
The move comes after 8 months negative chart setup for the $443.29M company. It was reported on Nov, 15 by Barchart.com. We have $19.67 PT which if reached, will make NYSE:ZOES worth $57.63 million less.

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 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by William Blair on Sunday, August 30 with “Buy”. Deutsche Bank maintained Zoe’s Kitchen Inc (NYSE:ZOES) rating on Sunday, August 30. Deutsche Bank has “Hold” rating and $35 price target. Maxim Group maintained it with “Buy” rating and $36 target price in Monday, November 7 report. The firm has “Buy” rating given on Tuesday, August 25 by William Blair. The stock of Zoe’s Kitchen Inc (NYSE:ZOES) has “Buy” rating given on Friday, November 20 by Maxim Group. The rating was maintained by Maxim Group with “Buy” on Thursday, October 22. Credit Suisse maintained Zoe’s Kitchen Inc (NYSE:ZOES) rating on Friday, February 26. Credit Suisse has “Underperform” rating and $30 price target. Deutsche Bank maintained it with “Hold” rating and $34 target price in Tuesday, August 23 report. Cowen & Co initiated the shares of ZOES in a report on Tuesday, October 13 with “Market Perform” rating. Robert W. Baird maintained the shares of ZOES in a report on Tuesday, August 23 with “Outperform” rating.

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 is positive, 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.
Bnp Paribas Arbitrage holds 0% or 740 shares in its portfolio. California State Teachers Retirement Sys holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 40,058 shares. Franklin has 0.03% invested in the company for 1.54M shares. Concourse Cap Lc has 4.42% invested in the company for 196,494 shares. Jennison Assoc Llc reported 1.20M shares or 0.05% of all its holdings. Macquarie Group Inc Ltd, a Australia-based fund reported 39,310 shares. Pacad Invest Ltd has 900 shares for 0% of their US portfolio. Blackrock Limited Com holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 9,447 shares. Df Dent And Incorporated, a Maryland-based fund reported 9,529 shares. Magee Thomson Investment Partners Ltd Co holds 21 shares or 0% of its portfolio. Sib Limited Liability Com holds 0.01% or 190 shares in its portfolio. Robertson Opportunity Cap, a Texas-based fund reported 105,927 shares. Nationwide Fund Advisors owns 12,723 shares or 0% of their US portfolio. Blackrock Group Ltd holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 6,513 shares. Rhumbline Advisers has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES).

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 2 selling transactions for $2.48 million net activity. $1.36M worth of shares were sold by Hartley Jeremy on Wednesday, June 8. 30,000 shares were sold by Dollarhyde Greg, worth $1.12M.

More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Schaeffersresearch.com which released: “Analyst Update: Zoe’s Kitchen Inc, Amazon.com, Inc., and SunPower Corporation” on November 15, 2016, also Fool.com with their article: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” published on August 19, 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 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.

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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