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.
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