Zoe’s Kitchen, Inc. (ZOES) Lifted to Hold at Zacks Investment Research

Zoe’s Kitchen, Inc. (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas. “

Several other research firms have also commented on ZOES. Robert W. Baird lowered shares of Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $20.00 in a research note on Monday, May 22nd. Maxim Group reiterated a “buy” rating and set a $28.00 price objective on shares of Zoe’s Kitchen in a research note on Tuesday, May 23rd. ValuEngine lowered shares of Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price objective (down previously from $26.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $15.00 price objective (down previously from $21.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Zoe’s Kitchen presently has an average rating of “Hold” and an average price target of $17.35.

Zoe’s Kitchen (NYSE:ZOES) traded down 0.53% during trading on Wednesday, reaching $13.15. The company’s stock had a trading volume of 116,080 shares. Zoe’s Kitchen has a one year low of $10.77 and a one year high of $31.88. The company has a 50-day moving average of $11.61 and a 200 day moving average of $15.85. The firm’s market cap is $256.89 million.

Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. Zoe’s Kitchen’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Analysts expect that Zoe’s Kitchen will post ($0.08) EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Zoe’s Kitchen by 0.7% in the second quarter. Rhumbline Advisers now owns 21,143 shares of the restaurant operator’s stock valued at $252,000 after buying an additional 155 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Zoe’s Kitchen by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 66,390 shares of the restaurant operator’s stock valued at $791,000 after buying an additional 399 shares in the last quarter. Macquarie Group Ltd. increased its stake in Zoe’s Kitchen by 0.8% in the second quarter. Macquarie Group Ltd. now owns 65,640 shares of the restaurant operator’s stock valued at $782,000 after buying an additional 499 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Zoe’s Kitchen by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the restaurant operator’s stock valued at $851,000 after buying an additional 618 shares in the last quarter. Finally, American International Group Inc. increased its stake in Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 781 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.

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

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