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.
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.
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