Zoe’s Kitchen Inc. (NYSE:ZOES) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $35.97.

A number of analysts have weighed in on the company. Robert W. Baird restated an “outperform” rating on shares of Zoe’s Kitchen in a report on Tuesday, June 28th. Zacks Investment Research lowered Zoe’s Kitchen from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Telsey Advisory Group lowered their target price on Zoe’s Kitchen from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Tuesday, August 23rd. Buckingham Research assumed coverage on Zoe’s Kitchen in a report on Thursday, June 16th. They set a “buy” rating and a $45.00 target price for the company. Finally, Deutsche Bank AG set a $34.00 price target on Zoe’s Kitchen and gave the stock a “hold” rating in a research report on Tuesday, August 23rd.

Zoe’s Kitchen (NYSE:ZOES) opened at 22.04 on Monday. The stock has a market capitalization of $428.85 million, a P/E ratio of 146.93 and a beta of 0.64. The company’s 50-day moving average price is $24.81 and its 200 day moving average price is $34.02. Zoe’s Kitchen has a 52-week low of $20.20 and a 52-week high of $41.76.

Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Monday, August 22nd. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company earned $66.30 million during the quarter. Zoe’s Kitchen had a return on equity of 1.33% and a net margin of 1.14%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, equities research analysts predict that Zoe’s Kitchen will post $0.11 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Deane Retirement Strategies Inc. increased its stake in shares of Zoe’s Kitchen by 45.6% in the third quarter. Deane Retirement Strategies Inc. now owns 90,029 shares of the company’s stock valued at $1,999,000 after buying an additional 28,213 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Zoe’s Kitchen by 2.0% in the second quarter. Royal Bank of Canada now owns 18,514 shares of the company’s stock valued at $671,000 after buying an additional 359 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Zoe’s Kitchen by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 65,350 shares of the company’s stock valued at $2,371,000 after buying an additional 1,236 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Zoe’s Kitchen by 12.7% in the second quarter. Stifel Financial Corp now owns 12,031 shares of the company’s stock valued at $436,000 after buying an additional 1,352 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Zoe’s Kitchen during the second quarter valued at $2,220,000.

Zoe’s Kitchen Company Profile

Zoe’s Kitchen, Inc is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Company has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs.

5 Day Chart for NYSE:ZOES

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