Zacks Investment Research upgraded shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) 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 equities analysts have also recently weighed in on the company. Telsey Advisory Group upgraded Zoe’s Kitchen from a market perform rating to an outperform rating and raised their price objective for the company from $15.00 to $17.00 in a research note on Thursday, August 17th. They noted that the move was a valuation call. Maxim Group restated a buy rating and set a $20.00 price objective on shares of Zoe’s Kitchen in a research note on Thursday, November 2nd. Credit Suisse Group dropped their price objective on Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating on the stock in a research note on Friday, August 18th. Robert W. Baird restated a hold rating and set a $15.00 price objective on shares of Zoe’s Kitchen in a research note on Tuesday, September 19th. Finally, Jefferies Group LLC upgraded Zoe’s Kitchen from a hold rating to a buy rating and raised their price objective for the company from $11.01 to $16.00 in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Zoe’s Kitchen currently has an average rating of Hold and an average target price of $17.15.

Shares of Zoe’s Kitchen (NYSE ZOES) traded up $0.57 during trading hours on Wednesday, reaching $13.41. The company’s stock had a trading volume of 1,027,400 shares, compared to its average volume of 546,701. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 0.09. Zoe’s Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $27.41.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings data 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 business had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. During the same period last year, the business earned $0.04 EPS. The business’s revenue was up 15.7% on a year-over-year basis. sell-side analysts forecast that Zoe’s Kitchen will post -0.09 earnings per share for the current year.

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In other news, Director A Alexander Taylor II acquired 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $12.87 per share, with a total value of $39,897.00. Following the acquisition, the director now owns 7,508 shares in the company, valued at approximately $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Zoe’s Kitchen by 0.7% during the 2nd 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. grew its holdings in Zoe’s Kitchen by 0.6% during the 2nd 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. grew its holdings in Zoe’s Kitchen by 0.8% during the 2nd 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 grew its holdings in Zoe’s Kitchen by 0.9% during the 2nd 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. grew its holdings in Zoe’s Kitchen by 7.1% during the 1st 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.

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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