Zoe's Kitchen (ZOES) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Zoe's Kitchen (NYSE:ZOES) from a sell rating to a hold rating in a report published on Tuesday morning.

Several other research analysts have also recently issued reports on ZOES. Maxim Group cut their price objective on Zoe's Kitchen from $24.00 to $20.00 and set a buy rating for the company in a research report on Monday, August 14th. Jefferies Group upgraded Zoe's Kitchen from a hold rating to a buy rating and increased their price objective for the stock from $11.01 to $16.00 in a research report on Friday, November 10th. Zacks Investment Research upgraded Zoe's Kitchen from a sell rating to a hold rating in a research report on Wednesday, November 15th. Cowen reiterated a hold rating and issued a $12.00 price objective on shares of Zoe's Kitchen in a research report on Friday, November 10th. Finally, Robert W. Baird reiterated a hold rating and issued a $15.00 price objective on shares of Zoe's Kitchen in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $17.15.

Shares of Zoe's Kitchen (NYSE:ZOES) traded up $0.17 during midday trading on Tuesday, hitting $16.29. The company had a trading volume of 410,700 shares, compared to its average volume of 548,456. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.71 and a quick ratio of 0.61. Zoe's Kitchen has a 52-week low of $10.77 and a 52-week high of $27.41.

Zoe's Kitchen (NYSE:ZOES) last issued its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The firm had revenue of $77.85 million during the quarter, compared to the consensus estimate of $78.67 million. During the same period last year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. sell-side analysts predict that Zoe's Kitchen will post -0.1 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in ZOES. California Public Employees Retirement System increased its position in shares of Zoe's Kitchen by 193.3% in the first quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock valued at $986,000 after buying an additional 31,900 shares in the last quarter. Vanguard Group Inc. increased 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 valued at $14,629,000 after buying an additional 51,682 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Zoe's Kitchen by 11.6% in the first quarter. Geode Capital Management LLC now owns 145,201 shares of the restaurant operator’s stock valued at $2,686,000 after buying an additional 15,085 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Zoe's Kitchen in the first quarter valued at $1,310,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Zoe's Kitchen by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 65,991 shares of the restaurant operator’s stock valued at $1,221,000 after buying an additional 3,591 shares in the last quarter.

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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.

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

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