Bank of Montreal Can raised its position in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 164.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,940 shares of the restaurant operator’s stock after buying an additional 16,771 shares during the period. Bank of Montreal Can owned approximately 0.14% of Zoe’s Kitchen worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Thrivent Financial For Lutherans boosted its stake in shares of Zoe’s Kitchen by 122.4% in the first quarter. Thrivent Financial For Lutherans now owns 550,470 shares of the restaurant operator’s stock valued at $10,184,000 after buying an additional 303,000 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Zoe’s Kitchen by 40.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 766,158 shares of the restaurant operator’s stock valued at $14,174,000 after buying an additional 219,288 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Zoe’s Kitchen by 193.3% in the first quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock valued at $986,000 after buying an additional 31,900 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Zoe’s Kitchen by 0.5% in the first quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock valued at $4,411,000 after buying an additional 1,110 shares during the last quarter. Finally, FMR LLC purchased a new stake in shares of Zoe’s Kitchen during the first quarter valued at $8,984,000.

Zoe’s Kitchen, Inc. (NYSE ZOES) traded down 1.1032% during midday trading on Thursday, hitting $12.8368. The stock had a trading volume of 121,864 shares. Zoe’s Kitchen, Inc. has a 52-week low of $10.77 and a 52-week high of $29.87. The stock’s market cap is $250.77 million. The company’s 50 day moving average price is $11.78 and its 200-day moving average price is $15.69.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $74.30 million during the quarter, compared to analysts’ expectations of $75.11 million. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Analysts forecast that Zoe’s Kitchen, Inc. will post ($0.09) EPS for the current fiscal year.

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Several brokerages recently weighed in on ZOES. Credit Suisse Group reduced their price target on Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research note on Friday, August 18th. Telsey Advisory Group raised Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $15.00 to $17.00 in a research note on Thursday, August 17th. They noted that the move was a valuation call. Jefferies Group LLC reduced their price target on Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, May 30th. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.35.

In related news, Director A Alexander Taylor II acquired 3,100 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $12.87 per share, with a total value of $39,897.00. Following the acquisition, the director now directly owns 7,508 shares in the company, valued at approximately $96,627.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

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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