California Public Employees Retirement System raised its stake in shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) by 193.3% during the first quarter, Holdings Channel reports. The institutional investor owned 48,400 shares of the restaurant operator’s stock after buying an additional 31,900 shares during the period. California Public Employees Retirement System’s holdings in Zoe’s Kitchen were worth $986,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP raised its stake in shares of Zoe’s Kitchen by 1,002.6% in the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock worth $147,000 after buying an additional 7,229 shares during the period. Bank of Montreal Can purchased a new stake in shares of Zoe’s Kitchen during the first quarter worth about $188,000. American International Group Inc. raised its stake in shares of Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after buying an additional 781 shares during the period. IFP Advisors Inc raised its stake in shares of 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, Keybank National Association OH raised its stake in shares of Zoe’s Kitchen by 86.7% in the first quarter. Keybank National Association OH now owns 17,891 shares of the restaurant operator’s stock worth $331,000 after buying an additional 8,307 shares during the period.

Zoe’s Kitchen, Inc. (NYSE ZOES) traded down 2.05% during midday trading on Friday, hitting $11.46. 812,814 shares of the stock traded hands. The company has a market cap of $223.33 million, a price-to-earnings ratio of 545.71 and a beta of 0.37. Zoe’s Kitchen, Inc. has a 52-week low of $10.77 and a 52-week high of $37.70. The firm’s 50-day moving average is $11.62 and its 200-day moving average is $16.34.

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

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A number of equities research analysts have issued reports on ZOES shares. Zacks Investment Research raised shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Robert W. Baird lowered shares of Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Monday, May 22nd. Maxim Group reissued a “buy” rating and issued a $28.00 price target on shares of Zoe’s Kitchen in a report on Tuesday, May 23rd. Jefferies Group LLC cut their price target on shares of Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, May 30th. Finally, Cowen and Company cut their price target on shares of Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating on the stock in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Zoe’s Kitchen presently has an average rating of “Hold” and an average target price of $19.33.

About Zoe’s Kitchen

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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