Zoe's Kitchen Inc (ZOES) : Miura Global Management reduced its stake in Zoe's Kitchen Inc by 11.11% during the most recent quarter end. The investment management company now holds a total of 800,000 shares of Zoe's Kitchen Inc which is valued at $28,912,000 after selling 100,000 shares in Zoe's Kitchen Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Zoe's Kitchen Inc makes up approximately 2.83% of Miura Global Management’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ZOES in the latest quarter, The investment management firm added 19,242 additional shares and now holds a total of 690,469 shares of Zoe's Kitchen Inc which is valued at $24,953,550.Blackrock Institutional Trust Company N.a. reduced its stake in ZOES by selling 3,164 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 460,744 shares of ZOES which is valued at $16,651,288.
Zoe's Kitchen Inc closed down -0.02 points or -0.07% at $27.21 with 2,98,049 shares getting traded on Thursday. Post opening the session at $27.17, the shares hit an intraday low of $27 and an intraday high of $27.305 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Zoe's Kitchen Inc reported $0.06 EPS for the quarter, based on the information available during the earnings call on Aug 22, 2016. Analyst had a consensus estimate of $0.06. The company had revenue of $66.30 million for the quarter, compared to analysts expectations of $67.19 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Zoe's Kitchen Inc. Shares were Reiterated by Telsey Advisory Group on Aug 23, 2016 to “Market Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Shares were Reiterated by Maxim Group on Aug 23, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $44 .Shares were Reiterated by Deutsche Bank on Aug 23, 2016 to “Hold” and Lowered the Price Target to $ 34 from a previous price target of $37 .
Zoe’s Kitchen Inc. (Zoes) primarily develops and operates fast-casual restaurants serving a range of Mediterranean dishes. As of December 29 2014 the Company had 129 Company-owned restaurants and three franchise restaurants in 15 states across the United States. The Company’s menu offers meals made generally from scratch using produce proteins and other ingredients that are preservative- and additive-free including its appetizers soups salads and kabobs. Its restaurant size averages approximately 2750 square feet. The Company’s food including both hot and cold items is used for catering in a range of business and social occasions. The Company offers social catering solutions designed for its customers’ life events including Zoes Party Packs which are bundled catering packages for birthday parties baby and bridal showers sporting and outdoor events girls night out and family gatherings.