Trading was heavy with 1,027K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 83.15% over the normal average daily volume.
Investors are a little more bullish on shares of the company as implied by the change in short interest. The firm saw a fall in short interest of -0.48% as of the latest report on October 13, 2017. Short interest fell from 4,996,476 to 4,972,343 over that timeframe. Days to cover increased from 11.0 to 16.0 and the short interest percentage is 0.25% as of October 13.
These firms have modified their investment in ZOES. Raymond James & Associates grew its ownership by buying 2,021 shares an increase of 3.1% as of 09/30/2017. Raymond James & Associates now holds 67,058 shares valued at $847,000. The value of the position overall is up by 9.3%. As of the end of the quarter Blair William & Co/il had acquired a total of 22,725 shares growing its position 37.6%. The value in dollars increased from $719,000 to $1,050,000 a change of $331,000 for the reporting period.
As of quarter end Engineers Gate Manager Lp had sold 3,968 shares trimming its holdings by 6.1%. The value of the investment in (ZOES) went from $772,000 to $769,000 a change of 0.4% since the last quarter. As of quarter end Dimensional Fund Advisors Lp had disposed of a total of 12,930 shares trimming its stake by 18.1%. The value of the investment in ZOES decreased from $851,000 to $739,000 decreasing 13.2% quarter over quarter.
On November 10 Robert W. Baird made no change to the stock rating of “Neutral” projecting a price of $13.00.
November 2 investment analysts at Maxim Group maintained a company rating of “Buy” with a current price target of $20.00. September 19 investment analysts at Robert W. Baird made no change to the company rating of “Hold” targeting a price of $15.00.
Credit Suisse Group lowered the price target on August 18 changing the price objective from $13.00 to $12.50 and stated a “Underperform” rating.
The company is trading down since yesterday’s close of 13.41. The company’s P/E ratio is 698.45 and the market cap is 256.36M. As of the last earnings report the EPS was $0.02 with 19.55M shares currently outstanding.
Zoe’s Kitchen, Inc., launched on October 24, 2007, develops and operates fast-casual restaurants serving a menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. The Business’s menu offers meals made from scratch using produce, proteins and other ingredients, including its appetizers, soups, salads and kabobs. Its food, including both hot and cold items, is suited for catering to a range of business and social occasions. The Company caters to a range of dietary needs by offering vegetarian, vegan, gluten-free and its calorie conscious, Simply 500 menu selections. The Business’s party packs serve groups of approximately 10 and are each filled with their own combination of fresh fruits, veggies, proteins and grains. The Company serves dishes for various occasions, such as Guilt-Free Girls Night, Game Day Goodies, Shower Sensations and Kids’ Party Pack. As of December 26, 2016, the Company had operated 201 Company-owned restaurants and three franchise restaurants in 20 states across the United States..