Zoe’s Kitchen, Inc. (NYSE:ZOES) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.55.
ZOES has been the topic of several research reports. Zacks Investment Research cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Deutsche Bank AG restated a “hold” rating and issued a $15.00 target price (down previously from $21.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Robert W. Baird cut their target price on Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th. Maxim Group cut their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Finally, ValuEngine cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
In other Zoe’s Kitchen news, Director A Alexander Taylor II bought 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $12.87 per share, with a total value of $39,897.00. Following the acquisition, the director now owns 7,508 shares of the company’s stock, valued at $96,627.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Zoe’s Kitchen by 1,002.6% in the 1st quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 7,229 shares in the last quarter. Bank of Montreal Can acquired a new position in Zoe’s Kitchen in the 1st quarter valued at $188,000. Airain ltd acquired a new position in Zoe’s Kitchen in the 2nd quarter valued at $126,000. Voya Investment Management LLC acquired a new position in Zoe’s Kitchen in the 2nd quarter valued at $127,000. Finally, Virtu KCG Holdings LLC acquired a new position in Zoe’s Kitchen in the 2nd quarter valued at $130,000.
Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The business had revenue of $74.30 million for the quarter, compared to analysts’ expectations of $75.11 million. During the same quarter in the previous year, the business posted $0.06 EPS. Zoe’s Kitchen’s revenue for the quarter was up 12.1% on a year-over-year basis.
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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.
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