Short Interest Worth Mentioning Today: Zoes Kitchen Incorporated (NYSE:ZOES) Just Reported Increased Shorts

November 22, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Mentioning Today: Zoes Kitchen Incorporated (NYSE:ZOES) Just Reported Increased Shorts

The stock of Zoes Kitchen Incorporated (NYSE:ZOES) registered an increase of 2.64% in short interest. ZOES’s total short interest was 5.88M shares in November as published by FINRA. Its up 2.64% from 5.73 million shares, reported previously. With 660,800 shares average volume, it will take short sellers 9 days to cover their ZOES’s short positions. The short interest to Zoes Kitchen Incorporated’s float is 30.85%. Zoe’s Kitchen Inc (NYSE:ZOES) has declined 33.72% since April 20, 2016 and is downtrending. It has underperformed by 38.27% the S&P500.

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 a market cap of $497.10 million. The Firm has approximately 170 restaurants across over 20 states, including approximately three franchised locations. It has a 103.88 P/E ratio. 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.

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.32, from 0.83 in 2016Q1. The ratio is positive, as 19 funds sold all Zoe’s Kitchen Inc shares owned while 39 reduced positions. 12 funds bought stakes while 36 increased positions. They now own 20.25 million shares or 6.47% less from 21.65 million shares in 2016Q1.
The New York-based Jennison Associates Limited Liability Co has invested 0.05% in Zoe’s Kitchen Inc (NYSE:ZOES). Columbia Wanger Asset Mgmt Llc owns 320,256 shares or 0.13% of their US portfolio. Moreover, Tudor Et Al has 0.01% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 9,100 shares. Price T Rowe Incorporated Md has 0.01% invested in the company for 765,693 shares. Metropolitan Life Insur Comm holds 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES) for 13,738 shares. Ubs Asset Americas Inc holds 0% or 8,600 shares in its portfolio. Ladenburg Thalmann Financial Svcs last reported 0% of its portfolio in the stock. Goldman Sachs Gp Inc accumulated 322,272 shares or 0% of the stock. Blackrock Incorporated holds 2,024 shares or 0% of its portfolio. Moreover, Salem Investment Counselors Inc has 0.16% invested in Zoe’s Kitchen Inc (NYSE:ZOES) for 36,050 shares. Mycio Wealth Ltd Liability Company has invested 0% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Sib has invested 0.01% of its portfolio in Zoe’s Kitchen Inc (NYSE:ZOES). Legal And General Grp Inc Pcl, a United Kingdom-based fund reported 2,825 shares. Federated Investors Pa reported 212,300 shares or 0.02% of all its holdings. State Street Corporation reported 315,435 shares or 0% of all its holdings.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 2 selling transactions for $2.48 million net activity. $1.12M worth of Zoe’s Kitchen Inc (NYSE:ZOES) was sold by Dollarhyde Greg. On Wednesday, June 8 the insider Hartley Jeremy sold $1.36M.

Zoe’s Kitchen Inc (NYSE:ZOES) Ratings Coverage

Out of 8 analysts covering Zoe’s Kitchen (NYSE:ZOES), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Zoe’s Kitchen has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, July 26, the company rating was downgraded by Stifel Nicolaus. The stock has “Buy” rating given by Maxim Group on Wednesday, August 19. The rating was maintained by Deutsche Bank with “Hold” on Sunday, August 30. William Blair maintained Zoe’s Kitchen Inc (NYSE:ZOES) on Tuesday, August 25 with “Buy” rating. On Thursday, August 6 the stock rating was downgraded by Zacks to “Buy”. Cowen & Co initiated it with “Market Perform” rating and $41 target price in Tuesday, October 13 report. Maxim Group maintained it with “Buy” rating and $43 target price in Friday, November 20 report. Credit Suisse downgraded Zoe’s Kitchen Inc (NYSE:ZOES) on Tuesday, December 15 to “Underperform” rating. The rating was maintained by Maxim Group on Thursday, December 10 with “Buy”. The firm has “Underperform” rating by Credit Suisse given on Friday, February 26.

ZOES Company Profile

Zoe’s Kitchen, Inc., incorporated on October 24, 2007, is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Firm 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. The Company’s menu offers fresh fruits, vegetables and herbs, grains, olive oil and lean proteins.

More notable recent Zoe’s Kitchen Inc (NYSE:ZOES) news were published by: Fool.com which released: “Zoe’s Kitchen Inc. Trims Full-Year Forecast Amid Lower Comps and Higher Costs” on November 15, 2016, also Marketwatch.com with their article: “Zoe’s Kitchen shares fall after company reports lower sales” published on November 14, 2016, Fool.com published: “Zoe’s Kitchen Inc Second Quarter Earnings: What to Watch” on August 19, 2016. More interesting news about Zoe’s Kitchen Inc (NYSE:ZOES) were released by: Wsj.com and their article: “Zoe’s Kitchen Shares Fall as Guidance Is Cut” published on August 22, 2016 as well as Fool.com‘s news article titled: “Zoe’s Kitchen Inc: Why the Disconnect Between Business and Stock Performance?” with publication date: July 24, 2016.

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By Linda Rogers


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