Robertson Opportunity Capital LLC decreased its holdings in Zoe's Kitchen Inc (NYSE:ZOES) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,111 shares of the restaurant operator’s stock after selling 71,520 shares during the period. Zoe's Kitchen accounts for approximately 1.4% of Robertson Opportunity Capital LLC’s holdings, making the stock its 25th biggest holding. Robertson Opportunity Capital LLC owned 0.74% of Zoe's Kitchen worth $2,410,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ZOES. Voya Investment Management LLC bought a new stake in Zoe's Kitchen in the second quarter worth about $127,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Zoe's Kitchen by 53.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock worth $195,000 after purchasing an additional 5,350 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Zoe's Kitchen by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock worth $196,000 after purchasing an additional 1,118 shares during the last quarter. Sicart Associates LLC bought a new stake in Zoe's Kitchen in the fourth quarter worth about $276,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Zoe's Kitchen by 95.6% in the third quarter. Cubist Systematic Strategies LLC now owns 20,877 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 10,202 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on ZOES. Jefferies Group reissued a “buy” rating and issued a $20.00 price objective on shares of Zoe's Kitchen in a research note on Friday, December 22nd. ValuEngine raised shares of Zoe's Kitchen from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Zacks Investment Research lowered shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Telsey Advisory Group lowered shares of Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. Finally, BidaskClub raised shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Zoe's Kitchen presently has an average rating of “Hold” and an average target price of $15.06.
Zoe's Kitchen (NYSE:ZOES) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported ($0.12) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $71.38 million for the quarter, compared to analyst estimates of $71.64 million. Zoe's Kitchen had a negative net margin of 0.63% and a negative return on equity of 1.46%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. research analysts anticipate that Zoe's Kitchen Inc will post -0.11 EPS for the current year.
In other Zoe's Kitchen news, major shareholder Misada Capital Flagship Fund L acquired 360,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $15.06 per share, with a total value of $5,421,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.
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Zoe's Kitchen Company Profile
Zoe’s Kitchen, Inc develops and operates fast-casual restaurants serving a menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients, including its appetizers, soups, salads and kabobs.
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