Engineers Gate Manager LP purchased a new position in shares of Zo毛s Kitchen (NYSE:ZOES) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,310 shares of the restaurant operator’s stock, valued at approximately $510,000. Engineers Gate Manager LP owned 0.18% of Zo毛s Kitchen at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of ZOES. Schwab Charles Investment Management Inc. increased its holdings in shares of Zo毛s Kitchen by 19.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 94,649 shares of the restaurant operator’s stock valued at $1,367,000 after acquiring an additional 15,476 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Zo毛s Kitchen by 31.1% in the 1st quarter. Trexquant Investment LP now owns 16,880 shares of the restaurant operator’s stock valued at $244,000 after acquiring an additional 4,004 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Zo毛s Kitchen in the 1st quarter valued at about $6,846,000. Wasatch Advisors Inc. increased its holdings in shares of Zo毛s Kitchen by 19.5% in the 1st quarter. Wasatch Advisors Inc. now owns 364,083 shares of the restaurant operator’s stock valued at $5,257,000 after acquiring an additional 59,414 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Zo毛s Kitchen in the 4th quarter valued at about $154,000. Institutional investors own 96.65% of the company’s stock.
Get Zo毛s Kitchen alerts:In other news, major shareholder Misada Capital Flagship Fund L bought 360,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $15.06 per share, with a total value of $5,421,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by corporate insiders.
Shares of Zo毛s Kitchen opened at $8.65 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $292.00 million, a P/E ratio of -86.50 and a beta of 0.30. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 0.10. Zo毛s Kitchen has a 52-week low of $8.65 and a 52-week high of $17.65.
Zo毛s Kitchen (NYSE:ZOES) last announced its earnings results on Thursday, May 24th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.11). The firm had revenue of $102.10 million during the quarter, compared to analyst estimates of $104.75 million. Zo毛s Kitchen had a negative net margin of 0.63% and a negative return on equity of 1.46%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. research analysts forecast that Zo毛s Kitchen will post -0.17 earnings per share for the current fiscal year.
A number of research analysts have recently commented on ZOES shares. Zacks Investment Research upgraded Zo毛s Kitchen from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. ValuEngine downgraded Zo毛s Kitchen from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Zo毛s Kitchen in a report on Friday, February 23rd. William Blair downgraded Zo毛s Kitchen from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Maxim Group downgraded Zo毛s Kitchen from a “buy” rating to a “hold” rating and dropped their price objective for the company from $20.00 to $12.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.94.
About Zo毛s Kitchen
Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.
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