Alliancebernstein L.P. lowered its stake in Zoe’s Kitchen, Inc. (NYSE:ZOES) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,700 shares of the restaurant operator’s stock after selling 4,600 shares during the period. Alliancebernstein L.P.’s holdings in Zoe’s Kitchen were worth $364,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZOES. State Street Corp increased its stake in Zoe’s Kitchen by 3.8% in the fourth quarter. State Street Corp now owns 328,309 shares of the restaurant operator’s stock worth $7,879,000 after buying an additional 12,020 shares during the period. Norges Bank acquired a new stake in Zoe’s Kitchen during the fourth quarter worth approximately $936,000. Bank of Montreal Can acquired a new stake in Zoe’s Kitchen during the first quarter worth approximately $188,000. IFP Advisors Inc increased its stake in Zoe’s Kitchen by 44.4% in the first quarter. IFP Advisors Inc now owns 13,000 shares of the restaurant operator’s stock worth $240,000 after buying an additional 4,000 shares during the period. Finally, Geneva Advisors LLC increased its stake in Zoe’s Kitchen by 12.0% in the first quarter. Geneva Advisors LLC now owns 20,640 shares of the restaurant operator’s stock worth $382,000 after buying an additional 2,207 shares during the period.

Zoe’s Kitchen, Inc. (NYSE:ZOES) traded down 2.05% on Friday, hitting $11.46. The stock had a trading volume of 812,814 shares. The company has a market cap of $223.33 million, a PE ratio of 545.71 and a beta of 0.37. The stock has a 50-day moving average of $11.62 and a 200-day moving average of $16.34. Zoe’s Kitchen, Inc. has a one year low of $10.77 and a one year high of $37.70.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Zoe’s Kitchen had a return on equity of 0.62% and a net margin of 0.15%. The company had revenue of $90.60 million during the quarter, compared to analysts’ expectations of $92.61 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts expect that Zoe’s Kitchen, Inc. will post ($0.05) earnings per share for the current fiscal year.

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A number of research firms have commented on ZOES. Deutsche Bank AG reissued a “hold” rating and issued a $13.00 target price (down previously from $15.00) on shares of Zoe’s Kitchen in a report on Monday, July 10th. ValuEngine downgraded Zoe’s Kitchen from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 target price (down previously from $26.00) on shares of Zoe’s Kitchen in a report on Tuesday, May 30th. Cowen and Company reduced their target price on Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating for the company in a report on Tuesday, May 30th. Finally, Jefferies Group LLC reduced their target price on Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating for the company in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.33.

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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