Robert W. Baird Reaffirms “Neutral” Rating for Zoe’s Kitchen, Inc. (ZOES)

Robert W. Baird reaffirmed their neutral rating on shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) in a research report sent to investors on Friday. Robert W. Baird currently has a $13.00 price target on the restaurant operator’s stock.

Other research analysts also recently issued reports about the stock. Jefferies Group LLC upgraded shares of Zoe’s Kitchen from a hold rating to a buy rating and increased their price target for the stock from $11.01 to $16.00 in a research report on Friday. Maxim Group reiterated a buy rating and issued a $20.00 price target on shares of Zoe’s Kitchen in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a market perform rating to an outperform rating and increased their price target for the stock from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call. Finally, Credit Suisse Group decreased their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating on the stock in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Zoe’s Kitchen currently has an average rating of Hold and an average price target of $17.15.



Shares of Zoe’s Kitchen (NYSE ZOES) opened at $12.50 on Friday. Zoe’s Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $27.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.63 and a quick ratio of 0.54.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. The business had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. During the same period last year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. sell-side analysts forecast that Zoe’s Kitchen will post -0.09 EPS for the current year.

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In other Zoe’s Kitchen news, Director A Alexander Taylor II acquired 3,100 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $12.87 per share, with a total value of $39,897.00. Following the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at approximately $96,627.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Airain ltd purchased a new position in shares of Zoe’s Kitchen in the 2nd quarter worth $126,000. Voya Investment Management LLC purchased a new position in shares of Zoe’s Kitchen during the 2nd quarter worth about $127,000. Virtu KCG Holdings LLC purchased a new position in shares of Zoe’s Kitchen during the 2nd quarter worth about $130,000. American International Group Inc. boosted its stake in shares of 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 worth $218,000 after purchasing an additional 781 shares during the period. Finally, DF Dent & Co. Inc. boosted its stake in shares of 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 worth $166,000 after purchasing an additional 1,522 shares during the period.

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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