Peregrine Capital Management LLC increased its holdings in Zoe’s Kitchen, Inc. (NYSE:ZOES) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 830,859 shares of the restaurant operator’s stock after purchasing an additional 13,286 shares during the quarter. Peregrine Capital Management LLC owned approximately 4.25% of Zoe’s Kitchen worth $10,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Airain ltd bought a new stake in shares of Zoe’s Kitchen in the second quarter worth about $126,000. Voya Investment Management LLC bought a new stake in shares of Zoe’s Kitchen in the second quarter worth about $127,000. Virtu KCG Holdings LLC bought a new stake in shares of Zoe’s Kitchen in the second quarter worth about $130,000. American International Group Inc. grew its stake in shares of Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after purchasing an additional 781 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its stake in shares of Zoe’s Kitchen by 12.2% in the second quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after purchasing an additional 1,522 shares during the last quarter.
In related news, Director A Alexander Taylor II bought 3,100 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at $96,627.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
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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 Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $74.30 million for the quarter, compared to the consensus estimate of $75.11 million. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS.
Several analysts recently issued reports on ZOES shares. Zacks Investment Research cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Maxim Group cut their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Robert W. Baird cut their price objective on Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, August 14th. Deutsche Bank AG reaffirmed a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of Zoe’s Kitchen in a research report on Monday, July 10th. Finally, Telsey Advisory Group raised Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Zoe’s Kitchen has an average rating of “Hold” and a consensus price target of $17.55.
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.
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