Zoe's Kitchen (ZOES) Rating Lowered to Market Perform at Telsey Advisory Group

Telsey Advisory Group downgraded shares of Zoe's Kitchen (NYSE:ZOES) from an outperform rating to a market perform rating in a report released on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reissued a hold rating and set a $15.00 price objective on shares of Zoe's Kitchen in a research report on Tuesday, September 19th. ValuEngine raised shares of Zoe's Kitchen from a sell rating to a hold rating in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Zoe's Kitchen from a sell rating to a hold rating in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a buy rating and issued a $20.00 price target on shares of Zoe's Kitchen in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a hold rating and issued a $12.00 price target on shares of Zoe's Kitchen in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Zoe's Kitchen presently has an average rating of Hold and a consensus target price of $16.72.

Zoe's Kitchen (ZOES) opened at $16.09 on Wednesday. The stock has a market cap of $318.55, a PE ratio of 1,610.61 and a beta of 0.52. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.09. Zoe's Kitchen has a 1 year low of $10.77 and a 1 year high of $23.65.

Zoe's Kitchen (NYSE:ZOES) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. Zoe's Kitchen had a net margin of 0.12% and a negative return on equity of 0.66%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. research analysts forecast that Zoe's Kitchen will post -0.1 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC bought a new position in Zoe's Kitchen in the 2nd quarter valued at about $127,000. Virtu KCG Holdings LLC bought a new position in Zoe's Kitchen in the 2nd quarter valued at about $130,000. DF Dent & Co. Inc. lifted its position in Zoe's Kitchen by 12.2% in the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after acquiring an additional 1,522 shares in the last quarter. Royce & Associates LP bought a new position in shares of Zoe's Kitchen during the 2nd quarter worth approximately $179,000. Finally, Highlander Capital Management LLC bought a new position in shares of Zoe's Kitchen during the 2nd quarter worth approximately $182,000.

COPYRIGHT VIOLATION WARNING: This article was posted by Markets Daily and is the property of of Markets Daily. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.themarketsdaily.com/2018/01/14/zoes-kitchen-zoes-rating-lowered-to-market-perform-at-telsey-advisory-group.html.

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.

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

Receive News & Ratings for Zoe's Kitchen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoe's Kitchen and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply