Somewhat Positive Press Coverage Somewhat Unlikely to Affect Zoe’s Kitchen (ZOES) Stock Price

Media coverage about Zoe’s Kitchen (NYSE:ZOES) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zoe’s Kitchen earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 46.1699965264007 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s analysis:

Several brokerages have commented on ZOES. ValuEngine upgraded Zoe’s Kitchen from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Telsey Advisory Group dropped their price target on Zoe’s Kitchen from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, June 12th. William Blair lowered Zoe’s Kitchen from an “outperform” rating to a “market perform” rating in a research note on Friday, May 25th. Maxim Group lowered Zoe’s Kitchen from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $12.00 in a research note on Friday, May 25th. Finally, Piper Jaffray Companies lowered Zoe’s Kitchen from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $11.00 to $7.00 in a research note on Friday, May 25th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Zoe’s Kitchen has a consensus rating of “Hold” and a consensus target price of $12.21.

NYSE:ZOES traded down $0.25 on Friday, hitting $8.74. 363,722 shares of the stock were exchanged, compared to its average volume of 495,148. The firm has a market capitalization of $176.23 million, a PE ratio of -87.40 and a beta of 0.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.44. Zoe’s Kitchen has a fifty-two week low of $8.59 and a fifty-two week high of $17.65.

Zoe’s Kitchen (NYSE:ZOES) last announced its quarterly earnings results on Thursday, May 24th. The restaurant operator reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.11). The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $104.75 million. Zoe’s Kitchen had a negative return on equity of 3.61% and a negative net margin of 1.73%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. research analysts anticipate that Zoe’s Kitchen will post -0.42 earnings per share for the current year.

About Zoe’s Kitchen

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

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