Zoe’s Kitchen Inc. (ZOES) to Release Quarterly Earnings on Monday
Zoe’s Kitchen Inc. (NYSE:ZOES) will be issuing its Q316 quarterly earnings data on Monday, November 14th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $68.07 million for the quarter.
Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings results on Monday, August 22nd. The company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Zoe’s Kitchen had a return on equity of 1.33% and a net margin of 1.14%. The company earned $66.30 million during the quarter. During the same period last year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts expect Zoe’s Kitchen to post $0.11 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
Shares of Zoe’s Kitchen Inc. (NYSE:ZOES) opened at 23.62 on Friday. The stock’s 50 day moving average price is $22.28 and its 200-day moving average price is $31.63. The stock has a market capitalization of $459.60 million, a P/E ratio of 157.47 and a beta of 0.61. Zoe’s Kitchen Inc. has a 1-year low of $20.20 and a 1-year high of $41.76.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in Zoe’s Kitchen by 112.5% in the third quarter. Ameriprise Financial Inc. now owns 141,963 shares of the company’s stock valued at $3,150,000 after buying an additional 75,148 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Zoe’s Kitchen during the second quarter valued at about $1,392,000. BlackRock Fund Advisors raised its stake in Zoe’s Kitchen by 6.5% in the third quarter. BlackRock Fund Advisors now owns 526,087 shares of the company’s stock valued at $11,674,000 after buying an additional 32,220 shares during the last quarter. Columbia Wanger Asset Management LLC raised its stake in Zoe’s Kitchen by 8.8% in the second quarter. Columbia Wanger Asset Management LLC now owns 320,256 shares of the company’s stock valued at $11,616,000 after buying an additional 25,994 shares during the last quarter. Finally, Timpani Capital Management LLC bought a new stake in Zoe’s Kitchen during the second quarter valued at about $941,000.
ZOES has been the subject of a number of analyst reports. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Saturday, September 24th. TheStreet cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Robert W. Baird reaffirmed an “outperform” rating on shares of Zoe’s Kitchen in a research note on Thursday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Zoe’s Kitchen in a research note on Wednesday, August 24th. Finally, Maxim Group decreased their price objective on Zoe’s Kitchen from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.98.
About Zoe’s Kitchen
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.
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