Shares of Zoe’s Kitchen Inc. (NYSE:ZOES) have been assigned a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.85.

Several equities research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Zoe’s Kitchen from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 23rd. Stifel Nicolaus cut shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating and cut their price target for the stock from $52.00 to $40.00 in a research report on Tuesday, July 26th. Deutsche Bank AG set a $34.00 price target on shares of Zoe’s Kitchen and gave the stock a “hold” rating in a research report on Tuesday, August 23rd. Zacks Investment Research cut shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Telsey Advisory Group assumed coverage on shares of Zoe’s Kitchen in a research report on Monday, August 1st. They set a “market perform” rating and a $40.00 price target on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZOES. BlackRock Advisors LLC raised 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 worth $343,000 after buying an additional 352 shares during the period. First Mercantile Trust Co. raised its position in shares of Zoe’s Kitchen by 139.9% in the second quarter. First Mercantile Trust Co. now owns 8,100 shares of the company’s stock worth $294,000 after buying an additional 4,724 shares during the period. Vanguard Group Inc. raised its position in shares of Zoe’s Kitchen by 2.9% in the second quarter. Vanguard Group Inc. now owns 690,469 shares of the company’s stock worth $25,044,000 after buying an additional 19,242 shares during the period. Nationwide Fund Advisors raised its position in shares of Zoe’s Kitchen by 1.7% in the second quarter. Nationwide Fund Advisors now owns 12,723 shares of the company’s stock worth $461,000 after buying an additional 216 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Zoe’s Kitchen by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 1,096,188 shares of the company’s stock worth $39,759,000 after buying an additional 114,124 shares during the period.

Shares of Zoe’s Kitchen (NYSE:ZOES) opened at 24.78 on Monday. The firm has a market capitalization of $482.17 million, a P/E ratio of 165.20 and a beta of 0.61. Zoe’s Kitchen has a 52-week low of $20.20 and a 52-week high of $41.76. The company’s 50-day moving average price is $22.16 and its 200-day moving average price is $31.12.

Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business 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%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities research analysts expect that Zoe’s Kitchen will post $0.11 EPS for the current fiscal year.

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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