Deane Retirement Strategies Lowers stake in Zoe's Kitchen Inc (ZOES)

Zoe's Kitchen Inc (ZOES) : Deane Retirement Strategies reduced its stake in Zoe's Kitchen Inc by 4.86% during the most recent quarter end. The investment management company now holds a total of 63,228 shares of Zoe's Kitchen Inc which is valued at $2,402,664 after selling 3,232 shares in Zoe's Kitchen Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Zoe's Kitchen Inc makes up approximately 2.26% of Deane Retirement Strategies’s portfolio.

Zoe's Kitchen Inc opened for trading at $37.41 and hit $38.02 on the upside on Friday, eventually ending the session at $38, with a gain of 1.28% or 0.48 points. The heightened volatility saw the trading volume jump to 3,13,100 shares. Company has a market cap of $737 M.

Other Hedge Funds, Including , Skylands Capital reduced its stake in ZOES by selling 26,450 shares or 77.91% in the most recent quarter. The Hedge Fund company now holds 7,500 shares of ZOES which is valued at $287,850. Zoe's Kitchen Inc makes up approx 0.05% of Skylands Capital’s portfolio.Benjamin F. Edwards Company reduced its stake in ZOES by selling 1,100 shares or 91.67% in the most recent quarter. The Hedge Fund company now holds 100 shares of ZOES which is valued at $3,838.Franklin Street Advisors Inc Nc reduced its stake in ZOES by selling 10,375 shares or 23.23% in the most recent quarter. The Hedge Fund company now holds 34,280 shares of ZOES which is valued at $1,315,666. Zoe's Kitchen Inc makes up approx 0.26% of Franklin Street Advisors Inc Nc’s portfolio.Deane Retirement Strategies reduced its stake in ZOES by selling 3,232 shares or 4.86% in the most recent quarter. The Hedge Fund company now holds 63,228 shares of ZOES which is valued at $2,348,288. Zoe's Kitchen Inc makes up approx 2.20% of Deane Retirement Strategies’s portfolio.Creative Planning reduced its stake in ZOES by selling 35 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 855 shares of ZOES which is valued at $31,755.

On the company’s financial health, Zoe's Kitchen Inc reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.06. The company had revenue of $52.70 million for the quarter, compared to analysts expectations of $50.65 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

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.

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