Zoe’s Kitchen, Inc. (ZOES) Shares Sold by Credit Suisse AG

Credit Suisse AG trimmed its stake in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,303 shares of the restaurant operator’s stock after selling 4,320 shares during the quarter. Credit Suisse AG owned about 0.06% of Zoe’s Kitchen worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Robertson Opportunity Capital LLC boosted its position in Zoe’s Kitchen by 79.8% during the first quarter. Robertson Opportunity Capital LLC now owns 196,463 shares of the restaurant operator’s stock worth $3,635,000 after purchasing an additional 87,205 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Zoe’s Kitchen by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 65,991 shares of the restaurant operator’s stock valued at $1,221,000 after acquiring an additional 3,591 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Zoe’s Kitchen in the first quarter valued at about $1,310,000. Geode Capital Management LLC boosted its position in shares of Zoe’s Kitchen by 11.6% in the first quarter. Geode Capital Management LLC now owns 145,201 shares of the restaurant operator’s stock valued at $2,686,000 after acquiring an additional 15,085 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Zoe’s Kitchen by 7.0% in the first quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock valued at $14,629,000 after acquiring an additional 51,682 shares during the period.

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In related news, Director A Alexander Taylor II bought 3,100 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the purchase, the director now directly owns 7,508 shares in the company, valued at $96,627.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Zoe’s Kitchen, Inc. (NYSE ZOES) traded down 0.62% during midday trading on Friday, reaching $12.73. 414,666 shares of the company traded hands. Zoe’s Kitchen, Inc. has a one year low of $10.77 and a one year high of $27.41. The firm has a 50-day moving average price of $12.12 and a 200-day moving average price of $15.05. The firm’s market capitalization is $248.68 million.

Zoe’s Kitchen (NYSE:ZOES) last issued its earnings results on Thursday, August 17th. The restaurant operator reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The business had revenue of $74.30 million during the quarter, compared to the consensus estimate of $75.11 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Zoe’s Kitchen, Inc. will post ($0.09) EPS for the current fiscal year.

ZOES has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Robert W. Baird cut shares of Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $20.00 in a research report on Monday, May 22nd. Maxim Group reissued a “buy” rating and issued a $28.00 target price on shares of Zoe’s Kitchen in a research report on Tuesday, May 23rd. Jefferies Group LLC reduced their target price on shares of Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, May 30th. Finally, Cowen and Company reduced their target price on shares of Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating for the company in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.35.

About Zoe’s Kitchen

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.

Institutional Ownership by Quarter for Zoe`s Kitchen (NYSE:ZOES)

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