November 17, 2016 - By Ruchi Gupta · 0 Comments
Cosi Inc (OTCMKTS:COSIQ) institutional sentiment decreased to 0.55 in Q2 2016. Its down -0.65, from 1.2 in 2016Q1. The ratio has dropped, as 6 investment managers opened new or increased holdings, while 11 reduced and sold stakes in Cosi Inc. The investment managers in our partner’s database now hold: 18.10 million shares, down from 18.74 million shares in 2016Q1. Also, the number of investment managers holding Cosi Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 5 Increased: 4 New Position: 2.
Cosi, Inc. owns, operates and franchises restaurants. The company has a market cap of $1.42 million. The Firm offers a range of house coffees and other espresso beverages, handcrafted specialty drinks, along with soft drinks, flavored teas, bottled beverages, including premium still and sparkling waters, teas and, in some locations, beer and wine. It currently has negative earnings. The Firm operates approximately 110 company-owned and franchised restaurants operating in over 15 states, the District of Columbia, the United Arab Emirates , and Costa Rica.
About 157,240 shares traded hands. Cosi Inc (OTCMKTS:COSIQ) has declined 96.05% since April 15, 2016 and is downtrending. It has underperformed by 100.68% the S&P500.
According to Zacks Investment Research, “CosÃ¬ is a national premium convenience restaurant chain that has developed featured foods built around a secret, generations-old recipe for crackly crust flatbread. This artisan bread is freshly baked in front of customers throughout the day in open flame stone hearth ovens prominently located in each of the restaurants. CosÃ¬’s warm and urbane atmosphere is geared towards its sophisticated, upscale, urban and suburban guests. There are currently onr hundred eleven company-owned and ninety franchise restaurants in sixteen states and the District of Columbia. The CosÃ¬ vision is to become America’s favorite premium convenience restaurant by providing customers authentic, innovative, savory food while remaining an affordable luxury.”
Cosi, Inc., incorporated on May 15, 1998, owns, operates and franchises restaurants. The Firm offers a range of house coffees and other espresso beverages, handcrafted specialty drinks, along with soft drinks, flavored teas, bottled beverages, including premium still and sparkling waters, teas and, in some locations, beer and wine. The Firm operates approximately 110 company-owned and franchised restaurants operating in over 15 states, the District of Columbia, the United Arab Emirates (UAE), and Costa Rica. It operates and develops in both urban and suburban markets.
More notable recent Cosi Inc (OTCMKTS:COSIQ) news were published by: Wsj.com which released: “Restaurant Chain Cosi Inc. Files for Chapter 11” on September 28, 2016, also Marketwatch.com with their article: “Cosi Inc.” published on October 11, 2016, Reuters.com published: “BRIEF-Cosi Inc. files for Chapter 11 restructuring” on September 28, 2016. More interesting news about Cosi Inc (OTCMKTS:COSIQ) were released by: Globenewswire.com and their article: “CosÃ¬, Inc. Reports 2016 Period 7 Comparable Restaurant Sales” published on August 03, 2016 as well as Globenewswire.com‘s news article titled: “CosÃ¬, Inc. Announces Additional Grace Period for Listing on NASDAQ” with publication date: May 18, 2016.
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By Ruchi Gupta