Zoe’s Kitchen Inc. (NYSE:ZOES) had its price target reduced by Telsey Advisory Group from $36.00 to $26.00 in a research report report published on Tuesday. They currently have a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Maxim Group reaffirmed a buy rating and issued a $36.00 target price (down from $40.00) on shares of Zoe’s Kitchen in a report on Monday, November 7th. Stifel Nicolaus cut shares of Zoe’s Kitchen from a buy rating to a hold rating and lowered their price target for the company from $52.00 to $40.00 in a report on Tuesday, July 26th. Zacks Investment Research raised shares of Zoe’s Kitchen from a sell rating to a hold rating in a report on Wednesday, August 10th. Piper Jaffray Cos. reissued a neutral rating and issued a $31.00 price target (down from $35.00) on shares of Zoe’s Kitchen in a report on Tuesday, August 23rd. Finally, Deutsche Bank AG set a $34.00 price target on shares of Zoe’s Kitchen and gave the company a hold rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $35.15.

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

Zoe’s Kitchen (NYSE:ZOES) opened at 24.64 on Tuesday. The company has a market cap of $479.45 million, a PE ratio of 164.27 and a beta of 0.61. The stock has a 50 day moving average of $22.16 and a 200-day moving average of $31.12. Zoe’s Kitchen has a 1-year low of $20.20 and a 1-year high of $41.76.

Zoe’s Kitchen (NYSE:ZOES) last issued its earnings results on Monday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $67.30 million for the quarter, compared to analysts’ expectations of $68.07 million. Zoe’s Kitchen had a net margin of 1.83% and a return on equity of 1.14%. Zoe’s Kitchen’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. On average, equities research analysts predict that Zoe’s Kitchen will post $0.11 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ZOES. BlackRock Advisors LLC increased its position in shares of Zoe’s Kitchen by 3.9% in the second quarter. BlackRock Advisors LLC now owns 9,447 shares of the company’s stock valued at $343,000 after buying an additional 352 shares during the last quarter. First Mercantile Trust Co. increased its position in Zoe’s Kitchen by 139.9% in the second quarter. First Mercantile Trust Co. now owns 8,100 shares of the company’s stock valued at $294,000 after buying an additional 4,724 shares during the last quarter. Vanguard Group Inc. increased its position in Zoe’s Kitchen by 2.9% in the second quarter. Vanguard Group Inc. now owns 690,469 shares of the company’s stock valued at $25,044,000 after buying an additional 19,242 shares during the last quarter. Nationwide Fund Advisors increased its position in Zoe’s Kitchen by 1.7% in the second quarter. Nationwide Fund Advisors now owns 12,723 shares of the company’s stock valued at $461,000 after buying an additional 216 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Zoe’s Kitchen by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 1,096,188 shares of the company’s stock valued at $39,759,000 after buying an additional 114,124 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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