Zoe’s Kitchen, Inc. (NYSE:ZOES) has received an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.55.
ZOES has been the subject of several recent research reports. Maxim Group lowered their target price on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 14th. Robert W. Baird lowered their target price on shares of Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, August 14th. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price (down from $15.00) on shares of Zoe’s Kitchen in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $15.00 to $17.00 in a report on Thursday, August 17th. They noted that the move was a valuation call.
Shares of Zoe’s Kitchen (NYSE:ZOES) traded down 5.30% during mid-day trading on Wednesday, reaching $12.16. The company’s stock had a trading volume of 486,848 shares. Zoe’s Kitchen has a 12 month low of $10.77 and a 12 month high of $27.41. The company has a 50-day moving average of $12.85 and a 200-day moving average of $14.17. The company’s market cap is $237.55 million.
Zoe’s Kitchen (NYSE:ZOES) last released its earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The firm had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Zoe’s Kitchen will post ($0.09) earnings per share for the current fiscal 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 cost of $12.87 per share, for a total transaction of $39,897.00. Following the acquisition, the director now directly owns 7,508 shares in the company, valued at $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZOES. American International Group Inc. raised its holdings in Zoe’s Kitchen by 7.1% in the 1st quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after acquiring an additional 781 shares during the last quarter. FMR LLC purchased a new position in Zoe’s Kitchen in the 1st quarter worth approximately $8,984,000. Teachers Advisors LLC raised its holdings in Zoe’s Kitchen by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock worth $4,411,000 after acquiring an additional 1,110 shares during the last quarter. California Public Employees Retirement System raised its holdings in Zoe’s Kitchen by 193.3% in the 1st quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock worth $986,000 after acquiring an additional 31,900 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Zoe’s Kitchen by 40.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 766,158 shares of the restaurant operator’s stock worth $14,174,000 after acquiring an additional 219,288 shares during the last quarter.
Zoe’s Kitchen Company Profile
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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