Zoës Kitchen (ZOES) Announces Earnings Results, Misses Expectations By $0.12 EPS

Zoës Kitchen (NYSE:ZOES) issued its quarterly earnings results on Thursday. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12), Bloomberg Earnings reports. Zoës Kitchen had a negative return on equity of 1.46% and a negative net margin of 0.63%. The company had revenue of $102.10 million during the quarter, compared to the consensus estimate of $104.75 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year.

NYSE:ZOES opened at $14.47 on Friday. The firm has a market cap of $296.71 million, a PE ratio of -144.70 and a beta of 0.30. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 0.10. Zoës Kitchen has a twelve month low of $10.77 and a twelve month high of $17.65.

In other news, major shareholder Misada Capital Flagship Fund L purchased 360,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $15.06 per share, for a total transaction of $5,421,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

Several analysts have recently weighed in on the company. William Blair downgraded Zoës Kitchen to a “hold” rating in a research report on Friday. ValuEngine downgraded Zoës Kitchen from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Zoës Kitchen from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, Jefferies Group reiterated a “buy” rating and set a $17.00 target price on shares of Zoës Kitchen in a research report on Friday, February 23rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.93.

Zoës 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.

Earnings History for Zoës Kitchen (NYSE:ZOES)

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