-$0.13 EPS Expected for Zoe's Kitchen Inc (ZOES) This Quarter

Equities research analysts forecast that Zoe's Kitchen Inc (NYSE:ZOES) will post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Zoe's Kitchen’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.11). Zoe's Kitchen posted earnings per share of ($0.07) in the same quarter last year, which indicates a negative year-over-year growth rate of 85.7%. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Zoe's Kitchen will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.07). For the next financial year, analysts forecast that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.13) to $0.03. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last issued its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. The business had revenue of $77.85 million during the quarter, compared to analysts’ expectations of $78.67 million. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share.

Several analysts recently issued reports on the company. Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Zoe's Kitchen in a research report on Friday, November 10th. Jefferies Group upgraded Zoe's Kitchen from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.01 to $16.00 in a research report on Friday, November 10th. Zacks Investment Research cut Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Zoe's Kitchen in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.28.

Shares of Zoe's Kitchen (ZOES) opened at $17.00 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. Zoe's Kitchen has a 1 year low of $10.77 and a 1 year high of $27.41.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZOES. Airain ltd purchased a new position in Zoe's Kitchen during the 2nd quarter valued at approximately $126,000. Voya Investment Management LLC purchased a new position in Zoe's Kitchen during the 2nd quarter valued at approximately $127,000. Virtu KCG Holdings LLC purchased a new position in Zoe's Kitchen during the 2nd quarter valued at approximately $130,000. DF Dent & Co. Inc. grew its holdings in Zoe's Kitchen by 12.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 1,522 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in Zoe's Kitchen during the 2nd quarter valued at approximately $179,000.

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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.

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