Trade Report: The 600 Shares of Zoe’s Kitchen Inc. (ZOES) are sold by California Public Employees Retirement System

The 600 Shares of Zoe’s Kitchen Inc. (ZOES) are sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of Zoe’s Kitchen Inc. (NYSE:ZOES) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 37,000 shares of the company’s stock after selling 600 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Zoe’s Kitchen worth $1,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 1832 Asset Management L.P. raised its stake in Zoe’s Kitchen by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 1,677,500 shares of the company’s stock valued at $107,898,000 after buying an additional 36,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Zoe’s Kitchen by 55.1% in the first quarter. JPMorgan Chase & Co. now owns 982,064 shares of the company’s stock valued at $38,290,000 after buying an additional 348,750 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Zoe’s Kitchen by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 463,908 shares of the company’s stock valued at $18,088,000 after buying an additional 1,616 shares in the last quarter. Columbus Circle Investors raised its stake in Zoe’s Kitchen by 169.0% in the second quarter. Columbus Circle Investors now owns 377,942 shares of the company’s stock valued at $13,708,000 after buying an additional 237,426 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Zoe’s Kitchen by 40.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 173,000 shares of the company’s stock valued at $6,275,000 after buying an additional 49,800 shares in the last quarter.

Shares of Zoe’s Kitchen Inc. (NYSE:ZOES) traded up 0.05% during midday trading on Thursday, hitting $22.05. The company’s stock had a trading volume of 493,127 shares. The firm has a market cap of $429.05 million, a P/E ratio of 147.00 and a beta of 0.64. The stock’s 50 day moving average is $24.81 and its 200-day moving average is $34.02. Zoe’s Kitchen Inc. has a 52-week low of $20.20 and a 52-week high of $41.76.

Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Monday, August 22nd. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Zoe’s Kitchen had a net margin of 1.14% and a return on equity of 1.33%. The business earned $66.30 million during the quarter. During the same period in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts predict that Zoe’s Kitchen Inc. will post $0.11 EPS for the current fiscal year.

ZOES has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “hold” rating on shares of Zoe’s Kitchen in a research note on Wednesday, August 24th. Jefferies Group reiterated a “hold” rating and set a $33.00 target price on shares of Zoe’s Kitchen in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Telsey Advisory Group initiated coverage on Zoe’s Kitchen in a research note on Monday, August 1st. They set a “market perform” rating and a $40.00 target price on the stock. Finally, TheStreet lowered Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.56.

About Zoe’s Kitchen

Zoe’s Kitchen, Inc is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Company has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs.

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