Zoe’s Kitchen (NYSE:ZOES) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Several other brokerages have also commented on ZOES. ValuEngine upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. William Blair lowered shares of Zoe’s Kitchen from an “outperform” rating to a “market perform” rating in a report on Friday, May 25th. Maxim Group lowered shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $12.00 in a report on Friday, May 25th. Telsey Advisory Group lowered shares of Zoe’s Kitchen from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Friday. Finally, Piper Jaffray Companies lowered shares of Zoe’s Kitchen from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $11.00 to $7.00 in a report on Friday, May 25th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.07.

ZOES traded up $3.19 on Friday, hitting $12.75. The company had a trading volume of 796,715 shares, compared to its average volume of 536,350. 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 52-week low of $8.22 and a 52-week high of $17.65. The firm has a market capitalization of $171.33 million, a PE ratio of -127.60 and a beta of 0.15.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings data 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). Zoe’s Kitchen had a negative return on equity of 3.61% and a negative net margin of 1.73%. The company had revenue of $102.10 million during the quarter, compared to analysts’ expectations of $104.75 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. analysts expect that Zoe’s Kitchen will post -0.42 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ZOES. Kornitzer Capital Management Inc. KS purchased a new position in shares of Zoe’s Kitchen during the first quarter valued at approximately $6,846,000. Bank of America Corp DE lifted its holdings in shares of Zoe’s Kitchen by 257.8% during the second quarter. Bank of America Corp DE now owns 402,778 shares of the restaurant operator’s stock valued at $3,930,000 after purchasing an additional 290,211 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Zoe’s Kitchen by 53.4% during the second quarter. Tocqueville Asset Management L.P. now owns 436,954 shares of the restaurant operator’s stock valued at $4,265,000 after purchasing an additional 152,154 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of Zoe’s Kitchen during the second quarter valued at approximately $1,142,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Zoe’s Kitchen by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 2,064,228 shares of the restaurant operator’s stock valued at $29,808,000 after purchasing an additional 86,351 shares during the last quarter. Hedge funds and other institutional investors own 81.06% of the company’s stock.

Zoe’s Kitchen Company Profile

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

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