Monday, February 26, 2018 10:15 PM ET
Significant Insider buy of Zoe’s Kitchen (ZOES) Shares Breaks neutral Trend of Last Quarter
There was substantial buying activity in Zoe’s Kitchen shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Misada Capital Flagship Fund LP, 10% Owner — acquired 1,350,716 shares in the company having a market value of approximately $19,371,007. This is the first insider buy/sell trade in the past 90 days.
Zoe’s Kitchen level of buy-sell trading activity is close to the 36 member peer company average. The Restaurants & Bars peer group saw 43 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares per buy/sell trade transacted by Zoe’s Kitchen insiders is higher. Within the peer group there were 276,958 shares purchased and 1,548,439 shares sold with company insiders selling 29,569 shares on average.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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