Robert W. Baird Reaffirms Hold Rating for Zoe’s Kitchen, Inc. (ZOES)

Zoe’s Kitchen, Inc. (NYSE:ZOES)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a report issued on Tuesday. They presently have a $15.00 target price on the restaurant operator’s stock. Robert W. Baird’s target price would suggest a potential upside of 15.47% from the company’s current price.

Several other research firms have also commented on ZOES. Maxim Group reissued a “buy” rating and set a $28.00 target price on shares of Zoe’s Kitchen in a research note on Tuesday, May 23rd. Zacks Investment Research lowered shares of Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Jefferies Group LLC cut their target price on shares of Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Tuesday, May 30th. Cowen and Company cut their target price on shares of Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating for the company in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $15.00 target price (down from $21.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.55.

Zoe’s Kitchen (NYSE ZOES) opened at 12.99 on Tuesday. The stock’s market capitalization is $253.76 million. Zoe’s Kitchen has a 52 week low of $10.77 and a 52 week high of $27.41. The stock’s 50 day moving average is $12.40 and its 200-day moving average is $14.67.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. Equities research analysts forecast that Zoe’s Kitchen will post ($0.09) EPS for the current year.

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In other news, Director A Alexander Taylor II purchased 3,100 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the acquisition, the director now directly owns 7,508 shares of the company’s stock, valued at $96,627.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its holdings in shares of Zoe’s Kitchen by 26.5% during the second quarter. Bamco Inc. NY now owns 1,200,000 shares of the restaurant operator’s stock valued at $14,292,000 after acquiring an additional 251,431 shares during the period. Vanguard Group Inc. raised its holdings in shares of Zoe’s Kitchen by 7.0% during the first quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock valued at $14,629,000 after acquiring an additional 51,682 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Zoe’s Kitchen by 40.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 766,158 shares of the restaurant operator’s stock valued at $14,174,000 after acquiring an additional 219,288 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Zoe’s Kitchen by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 734,530 shares of the restaurant operator’s stock valued at $8,748,000 after acquiring an additional 2,493 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Zoe’s Kitchen during the second quarter valued at approximately $7,728,000.

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.

Analyst Recommendations for Zoe`s Kitchen (NYSE:ZOES)

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