Zoe’s Kitchen, Inc. (ZOES) Receives Neutral Rating from Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) in a research report report published on Friday. The firm currently has a $13.00 target price on the restaurant operator’s stock.

A number of other brokerages have also issued reports on ZOES. Jefferies Group LLC upgraded shares of Zoe’s Kitchen from a hold rating to a buy rating and increased their target price for the company from $11.01 to $16.00 in a research report on Friday. Zacks Investment Research lowered shares of Zoe’s Kitchen from a hold rating to a sell rating in a research report on Thursday, October 19th. Credit Suisse Group reduced their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating for the company in a research report on Friday, August 18th. Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a market perform rating to an outperform rating and raised their price objective for the company from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call. Finally, Maxim Group restated a buy rating and set a $20.00 price objective on shares of Zoe’s Kitchen in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $17.15.

Zoe’s Kitchen (NYSE:ZOES) opened at $12.84 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.08. Zoe’s Kitchen has a 12-month low of $10.77 and a 12-month high of $27.41.

Zoe’s Kitchen (NYSE:ZOES) last announced its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $77.85 million during the quarter, compared to analyst estimates of $78.67 million. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. Zoe’s Kitchen’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. sell-side analysts forecast that Zoe’s Kitchen will post -0.09 EPS for the current fiscal year.

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In other news, Director A Alexander Taylor II acquired 3,100 shares of Zoe’s Kitchen stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $12.87 per share, with a total value of $39,897.00. Following the completion of the purchase, the director now owns 7,508 shares of the company’s stock, valued at $96,627.96. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Bamco Inc. NY lifted its stake in 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 buying an additional 251,431 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Zoe’s Kitchen by 1.6% during the third quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock valued at $10,494,000 after buying an additional 13,286 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Zoe’s Kitchen by 7.0% in the first quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock worth $14,629,000 after purchasing an additional 51,682 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Zoe’s Kitchen by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 734,530 shares of the restaurant operator’s stock worth $8,748,000 after purchasing an additional 2,493 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Zoe’s Kitchen in the second quarter worth 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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