In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Zoe’s Kitchen Inc. (NYSE:ZOES) reported that Brown Capital Management Llc has picked up 2,682,072 of common stock as of 2016-12-09.

The acquisition brings the aggregate amount owned by Brown Capital Management Llc to a total of 2,682,072 representing a 13.78% stake in the company.

For those not familiar with the company, 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 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.

A glance at Zoe’s Kitchen Inc. (NYSE:ZOES)’s key stats reveals a current market capitalization of $525.85 million based on 19.46 million shares outstanding and a price at last close of $26.35 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-10, Harrington picked up 1,960 at a purchase price of $37.73.  This brings their total holding to 2,210 as of the date of the filing.

On the sell side, the most recent transaction saw Hartley unload 30,000 shares at a sale price of $37.75. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Zoe’s Kitchen Inc. (NYSE:ZOES) as things move forward to see if its progress aligns with these transactions.

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