Zoe’s Kitchen Inc. (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas. “

A number of other equities research analysts also recently weighed in on the company. Telsey Advisory Group lowered their price target on Zoe’s Kitchen from $36.00 to $26.00 and set a “market perform” rating on the stock in a research report on Tuesday. Maxim Group restated a “buy” rating and set a $36.00 price target (down previously from $40.00) on shares of Zoe’s Kitchen in a research report on Monday, November 7th. Buckingham Research set a $34.00 price target on Zoe’s Kitchen and gave the company a “buy” rating in a research report on Thursday, October 20th. Robert W. Baird restated an “outperform” rating on shares of Zoe’s Kitchen in a research report on Thursday, September 8th. Finally, TheStreet downgraded Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research report on Tuesday, August 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Zoe’s Kitchen presently has a consensus rating of “Hold” and an average price target of $35.15.

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

Shares of Zoe’s Kitchen (NYSE:ZOES) opened at 22.61 on Wednesday. Zoe’s Kitchen has a 52-week low of $20.20 and a 52-week high of $41.76. The company has a market cap of $439.95 million, a price-to-earnings ratio of 150.73 and a beta of 0.61. The firm has a 50 day moving average price of $22.25 and a 200-day moving average price of $31.53.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Zoe’s Kitchen had a return on equity of 1.14% and a net margin of 1.83%. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $68.07 million. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Zoe’s Kitchen will post $0.11 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Credit Suisse AG boosted its stake in Zoe’s Kitchen by 495.5% in the third quarter. Credit Suisse AG now owns 106,075 shares of the company’s stock valued at $2,354,000 after buying an additional 88,261 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in Zoe’s Kitchen by 27.5% in the third quarter. DF Dent & Co. Inc. now owns 12,147 shares of the company’s stock valued at $270,000 after buying an additional 2,618 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Zoe’s Kitchen by 4.6% in the third quarter. Salem Investment Counselors Inc. now owns 37,725 shares of the company’s stock valued at $837,000 after buying an additional 1,675 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Zoe’s Kitchen during the third quarter valued at about $225,000. Finally, Bamco Inc. NY boosted its stake in Zoe’s Kitchen by 20,180.0% in the third quarter. Bamco Inc. NY now owns 507,000 shares of the company’s stock valued at $11,250,000 after buying an additional 504,500 shares during the last quarter.

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.

5 Day Chart for NYSE:ZOES

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