Zoe’s Kitchen Inc (ZOES) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in shares of Zoe’s Kitchen Inc (NYSE:ZOES) by 13.7% during the second quarter, HoldingsChannel.com reports. The firm owned 378,400 shares of the restaurant operator’s stock after selling 59,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Zoe’s Kitchen were worth $3,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZOES. Wrapmanager Inc. acquired a new stake in shares of Zoe’s Kitchen during the second quarter worth about $195,000. OLD National Bancorp IN acquired a new stake in shares of Zoe’s Kitchen during the second quarter worth about $207,000. Trexquant Investment LP raised its position in shares of Zoe’s Kitchen by 36.0% during the second quarter. Trexquant Investment LP now owns 22,957 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 6,077 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of Zoe’s Kitchen during the second quarter worth about $440,000. Finally, Mackay Shields LLC acquired a new stake in shares of Zoe’s Kitchen during the second quarter worth about $526,000. 83.56% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on ZOES shares. William Blair raised Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 1st. Jefferies Financial Group lowered Zoe’s Kitchen from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. ValuEngine lowered Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Maxim Group raised their price target on Zoe’s Kitchen to $12.75 and gave the stock a “hold” rating in a research report on Monday, August 20th. Finally, Telsey Advisory Group lowered Zoe’s Kitchen from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Zoe’s Kitchen presently has an average rating of “Hold” and a consensus price target of $12.46.

Shares of Zoe’s Kitchen stock opened at $12.69 on Friday. Zoe’s Kitchen Inc has a 52-week low of $8.22 and a 52-week high of $17.65. The company has a market capitalization of $249.36 million, a P/E ratio of -127.10 and a beta of 0.39. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17.

Zoe’s Kitchen (NYSE:ZOES) last announced its earnings results on Friday, August 17th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.07). Zoe’s Kitchen had a negative net margin of 7.50% and a negative return on equity of 5.77%. The firm had revenue of $81.56 million during the quarter, compared to analyst estimates of $82.77 million. Research analysts forecast that Zoe’s Kitchen Inc will post -0.49 earnings per share for the current year.

Zoe’s Kitchen Company Profile

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

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

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