Zoe's Kitchen Inc (NYSE:ZOES) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Zoe's Kitchen Inc (NYSE:ZOES) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 580,015 shares of the restaurant operator’s stock after selling 33,433 shares during the quarter. Bank of New York Mellon Corp owned about 2.97% of Zoe's Kitchen worth $7,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tocqueville Asset Management L.P. grew its position in Zoe's Kitchen by 7.7% during the third quarter. Tocqueville Asset Management L.P. now owns 174,450 shares of the restaurant operator’s stock worth $2,203,000 after buying an additional 12,400 shares in the last quarter. Peregrine Capital Management LLC grew its position in Zoe's Kitchen by 1.6% during the third quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock worth $10,494,000 after buying an additional 13,286 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Zoe's Kitchen by 6.0% during the second quarter. Public Employees Retirement System of Ohio now owns 37,930 shares of the restaurant operator’s stock worth $452,000 after buying an additional 2,162 shares in the last quarter. Verition Fund Management LLC purchased a new position in Zoe's Kitchen during the second quarter worth about $235,000. Finally, DF Dent & Co. Inc. grew its position in Zoe's Kitchen by 12.2% during the second quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after buying an additional 1,522 shares in the last quarter.

ZOES has been the subject of several recent analyst reports. Zacks Investment Research upgraded Zoe's Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group raised Zoe's Kitchen from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.01 to $16.00 in a research note on Friday, November 10th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Zoe's Kitchen in a research note on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and set a $12.00 price target on shares of Zoe's Kitchen in a research note on Friday, November 10th. Finally, BidaskClub raised Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Two research 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 company currently has an average rating of “Hold” and an average price target of $16.72.

Zoe's Kitchen Inc (ZOES) opened at $16.09 on Friday. Zoe's Kitchen Inc has a twelve month low of $10.77 and a twelve month high of $23.65. The stock has a market capitalization of $315.83, a PE ratio of 804.50 and a beta of 0.52. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.09.

Zoe's Kitchen (NYSE:ZOES) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The company had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. During the same quarter in the previous year, the business earned $0.04 EPS. Zoe's Kitchen’s revenue was up 15.7% compared to the same quarter last year. equities analysts forecast that Zoe's Kitchen Inc will post -0.1 earnings per share for the current year.

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Zoe's Kitchen 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.

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

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