Zoe's Kitchen Inc (NYSE:ZOES) major shareholder Misada Capital Flagship Fund L purchased 360,000 shares of Zoe's Kitchen stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $15.06 per share, with a total value of $5,421,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Misada Capital Flagship Fund L also recently made the following trade(s):
- On Thursday, February 22nd, Misada Capital Flagship Fund L purchased 379,918 shares of Zoe's Kitchen stock. The shares were purchased at an average cost of $14.00 per share, with a total value of $5,318,852.00.
Shares of Zoe's Kitchen Inc (ZOES) opened at $14.88 on Thursday. The company has a market capitalization of $290.98, a P/E ratio of -67.64 and a beta of 0.33. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 0.10. Zoe's Kitchen Inc has a twelve month low of $10.77 and a twelve month high of $18.84.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legion Partners Asset Management LLC acquired a new stake in shares of Zoe's Kitchen in the 3rd quarter valued at approximately $7,075,000. Parametric Portfolio Associates LLC raised its stake in Zoe's Kitchen by 141.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,977 shares of the restaurant operator’s stock valued at $333,000 after acquiring an additional 16,411 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in Zoe's Kitchen in the 3rd quarter valued at $2,600,000. State Street Corp raised its stake in Zoe's Kitchen by 8.6% in the 2nd quarter. State Street Corp now owns 353,528 shares of the restaurant operator’s stock valued at $4,211,000 after acquiring an additional 27,851 shares during the period. Finally, Tocqueville Asset Management L.P. raised its stake in Zoe's Kitchen by 7.7% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 174,450 shares of the restaurant operator’s stock valued at $2,203,000 after acquiring an additional 12,400 shares during the period. 98.48% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the company. Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target on shares of Zoe's Kitchen in a research report on Friday, February 23rd. Zacks Investment Research downgraded Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price target on shares of Zoe's Kitchen in a research report on Friday, November 10th. Finally, BidaskClub raised Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Zoe's Kitchen presently has a consensus rating of “Hold” and an average price target of $15.06.
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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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