Macquarie Group Ltd. decreased its stake in shares of Zoe’s Kitchen Inc. (NYSE:ZOES) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,310 shares of the company’s stock after selling 8,082 shares during the period. Macquarie Group Ltd. owned about 0.20% of Zoe’s Kitchen worth $1,426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ZOES. Legal & General Group Plc boosted its position in shares of Zoe’s Kitchen by 35.6% in the first quarter. Legal & General Group Plc now owns 2,825 shares of the company’s stock valued at $112,000 after buying an additional 742 shares during the period. Advisor Group Inc. purchased a new position in shares of Zoe’s Kitchen during the second quarter valued at about $147,000. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Zoe’s Kitchen by 5.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 5,390 shares of the company’s stock valued at $195,000 after buying an additional 288 shares during the period. First Mercantile Trust Co. boosted its position in shares of Zoe’s Kitchen by 139.9% in the second quarter. First Mercantile Trust Co. now owns 8,100 shares of the company’s stock valued at $294,000 after buying an additional 4,724 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Zoe’s Kitchen during the second quarter valued at about $318,000.

Shares of Zoe’s Kitchen Inc. (NYSE:ZOES) opened at 24.23 on Tuesday. The company’s 50-day moving average price is $31.01 and its 200-day moving average price is $35.90. The firm has a market cap of $471.47 million, a PE ratio of 161.53 and a beta of 0.59. Zoe’s Kitchen Inc. has a 52-week low of $23.17 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Zoe’s Kitchen had a return on equity of 1.33% and a net margin of 1.14%. The firm had revenue of $66.30 million for the quarter. During the same period in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts expect that Zoe’s Kitchen Inc. will post $0.11 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on ZOES. Zacks Investment Research upgraded Zoe’s Kitchen from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, July 1st. Robert W. Baird reiterated an “outperform” rating on shares of Zoe’s Kitchen in a research report on Tuesday, June 28th. Stifel Nicolaus cut Zoe’s Kitchen from a “buy” rating to a “hold” rating and decreased their target price for the stock from $52.00 to $40.00 in a report on Tuesday, July 26th. Credit Suisse Group AG restated a “sell” rating on shares of Zoe’s Kitchen in a report on Wednesday, June 1st. Finally, Buckingham Research assumed coverage on Zoe’s Kitchen in a report on Thursday, June 16th. They issued a “buy” rating and a $45.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock 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.

5 Day Chart for NYSE:ZOES

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