Zoe’s Kitchen, Inc. (NYSE:ZOES) had its price objective trimmed by Maxim Group from $24.00 to $20.00 in a research note published on Monday, MarketBeat Ratings reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG reiterated a hold rating and set a $13.00 target price (down from $15.00) on shares of Zoe’s Kitchen in a research report on Monday, July 10th. ValuEngine lowered shares of Zoe’s Kitchen from a hold rating to a sell rating in a research report on Friday, June 2nd. Telsey Advisory Group reiterated a market perform rating and set a $15.00 target price (down from $26.00) on shares of Zoe’s Kitchen in a research report on Tuesday, May 30th. Cowen and Company dropped their target price on shares of Zoe’s Kitchen from $19.00 to $14.00 and set a market perform rating for the company in a research report on Tuesday, May 30th. Finally, Jefferies Group LLC dropped their target price on shares of Zoe’s Kitchen from $24.00 to $16.00 and set a hold rating for the company in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $17.67.

Zoe’s Kitchen (NYSE:ZOES) traded down 3.26% during trading on Monday, reaching $11.27. 87,674 shares of the company were exchanged. The firm’s 50-day moving average is $11.59 and its 200 day moving average is $16.19. The company has a market capitalization of $219.63 million, a P/E ratio of 536.67 and a beta of 0.37. Zoe’s Kitchen has a one year low of $10.77 and a one year high of $37.70.

Zoe’s Kitchen (NYSE:ZOES) last announced its earnings results on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Zoe’s Kitchen had a net margin of 0.15% and a return on equity of 0.62%. The business had revenue of $90.60 million during the quarter, compared to analyst estimates of $92.61 million. During the same period in the previous year, the business posted $0.06 earnings per share. Zoe’s Kitchen’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts anticipate that Zoe’s Kitchen will post ($0.05) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of ZOES. Rhumbline Advisers increased its position in Zoe’s Kitchen by 0.7% in the second quarter. Rhumbline Advisers now owns 21,143 shares of the restaurant operator’s stock valued at $252,000 after buying an additional 155 shares during the period. Schwab Charles Investment Management Inc. increased its position in Zoe’s Kitchen by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 66,390 shares of the restaurant operator’s stock valued at $791,000 after buying an additional 399 shares during the period. Macquarie Group Ltd. increased its position in Zoe’s Kitchen by 0.8% in the second quarter. Macquarie Group Ltd. now owns 65,640 shares of the restaurant operator’s stock valued at $782,000 after buying an additional 499 shares during the period. Dimensional Fund Advisors LP increased its position in Zoe’s Kitchen by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the restaurant operator’s stock valued at $851,000 after buying an additional 618 shares during the period. Finally, American International Group Inc. increased its position in Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 781 shares during the period.

Zoe’s Kitchen Company Profile

Zoe’s Kitchen, Inc develops and operates fast-casual restaurants serving a menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients, including its appetizers, soups, salads and kabobs.

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

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