Sicart Associates LLC Acquires New Stake in Zoe's Kitchen Inc (ZOES)

Sicart Associates LLC acquired a new stake in Zoe's Kitchen Inc (NYSE:ZOES) in the 4th quarter, HoldingsChannel reports. The firm acquired 16,500 shares of the restaurant operator’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Voya Investment Management LLC acquired a new position in shares of Zoe's Kitchen in the second quarter valued at $127,000. Virtu KCG Holdings LLC acquired a new position in shares of Zoe's Kitchen in the second quarter valued at $130,000. DF Dent & Co. Inc. raised 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 valued at $166,000 after purchasing an additional 1,522 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Zoe's Kitchen in the second quarter valued at $179,000. Finally, Highlander Capital Management LLC acquired a new position in shares of Zoe's Kitchen in the second quarter valued at $182,000.

Zoe's Kitchen Inc (NYSE ZOES) traded down $0.86 during trading on Wednesday, reaching $15.23. The company’s stock had a trading volume of 225,700 shares, compared to its average volume of 368,750. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. Zoe's Kitchen Inc has a 1 year low of $10.77 and a 1 year high of $23.65. The firm has a market capitalization of $297.82, a price-to-earnings ratio of 761.50 and a beta of 0.52.

Zoe's Kitchen (NYSE:ZOES) last released its quarterly earnings data 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 firm had revenue of $77.85 million during the quarter, compared to analyst estimates of $78.67 million. During the same period in the prior year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. sell-side analysts forecast that Zoe's Kitchen Inc will post -0.1 EPS for the current fiscal year.

A number of research analysts recently commented on ZOES shares. Zacks Investment Research upgraded Zoe's Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Jefferies Group upgraded Zoe's Kitchen from a “hold” rating to a “buy” rating and upped their target price for the company from $11.01 to $16.00 in a research note on Friday, November 10th. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of Zoe's Kitchen in a research note on Thursday, November 2nd. Cowen restated a “hold” rating and issued a $12.00 target price on shares of Zoe's Kitchen in a research note on Friday, November 10th. Finally, BidaskClub upgraded Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Zoe's Kitchen currently has an average rating of “Hold” and an average target price of $16.72.

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Zoe's Kitchen Company 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.

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

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