Zoe’s Kitchen, Inc. (ZOES) Upgraded to Hold by Zacks Investment Research
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.
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