Zoe's Kitchen Inc (ZOES) Stock Rating Reaffirmed by Jefferies Group LLC

Zoe's Kitchen Inc (NYSE:ZOES)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a note issued to investors on Tuesday. They currently have a $24.00 price objective on the restaurant operator’s stock. Jefferies Group LLC’s price objective points to a potential upside of 35.14% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Buckingham Research lowered their target price on shares of Zoe's Kitchen from $34.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 24th. Maxim Group lowered their target price on shares of Zoe's Kitchen from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. Stifel Nicolaus increased their target price on shares of Zoe's Kitchen from $22.00 to $25.00 and gave the company a “hold” rating in a report on Monday, December 19th. Piper Jaffray Companies lowered their target price on shares of Zoe's Kitchen from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, March 23rd. Finally, Robert W. Baird restated an “outperform” rating on shares of Zoe's Kitchen in a research report on Thursday, February 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.22.

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

Zoe's Kitchen (NYSE:ZOES) opened at 17.76 on Tuesday. The company has a 50-day moving average of $17.28 and a 200-day moving average of $21.60. Zoe's Kitchen has a 52-week low of $16.39 and a 52-week high of $40.60. The company has a market cap of $345.98 million, a P/E ratio of 197.33 and a beta of 0.62.

Zoe's Kitchen (NYSE:ZOES) last announced its earnings results on Thursday, February 23rd. The restaurant operator reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm earned $62 million during the quarter, compared to analysts’ expectations of $62.75 million. Zoe's Kitchen had a net margin of 1.83% and a return on equity of 1.14%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. On average, equities research analysts expect that Zoe's Kitchen will post $0.05 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its position in Zoe's Kitchen by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 24,950 shares of the restaurant operator’s stock valued at $554,000 after buying an additional 300 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Zoe's Kitchen by 12.7% in the third quarter. PNC Financial Services Group Inc. now owns 12,850 shares of the restaurant operator’s stock valued at $285,000 after buying an additional 1,450 shares during the last quarter. Salem Investment Counselors Inc. raised its position in Zoe's Kitchen by 4.6% in the third quarter. Salem Investment Counselors Inc. now owns 37,725 shares of the restaurant operator’s stock valued at $837,000 after buying an additional 1,675 shares during the last quarter. DF Dent & Co. Inc. raised its position in shares of Zoe's Kitchen by 27.5% in the third quarter. DF Dent & Co. Inc. now owns 12,147 shares of the restaurant operator’s stock worth $270,000 after buying an additional 2,618 shares in the last quarter. Finally, Weitz Investment Management Inc. raised its position in shares of Zoe's Kitchen by 20.4% in the fourth quarter. Weitz Investment Management Inc. now owns 26,667 shares of the restaurant operator’s stock worth $640,000 after buying an additional 4,527 shares in the last quarter.

Zoe's Kitchen Company Profile

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.

5 Day Chart for NYSE:ZOES

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