Telsey Advisory Group upgraded shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) from a market perform rating to an outperform rating in a research report report published on Thursday, Marketbeat reports. The firm currently has $17.00 price target on the restaurant operator’s stock, up from their previous price target of $15.00. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently issued reports on ZOES. Robert W. Baird cut shares of Zoe’s Kitchen from an outperform rating to a neutral rating and dropped their price target for the stock from $25.00 to $20.00 in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a sell rating to a hold rating in a research note on Wednesday, May 17th. Maxim Group reiterated a buy rating and issued a $28.00 price target on shares of Zoe’s Kitchen in a research note on Tuesday, May 23rd. ValuEngine cut shares of Zoe’s Kitchen from a hold rating to a sell rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG reiterated a hold rating and issued a $15.00 price target (down previously from $21.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $17.35.

Shares of Zoe’s Kitchen (NYSE:ZOES) opened at 12.55 on Thursday. The stock’s market cap is $245.16 million. The stock has a 50 day moving average of $11.58 and a 200 day moving average of $16.00. 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 quarterly earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $74.30 million for the quarter, compared to analysts’ expectations of $75.11 million. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. Zoe’s Kitchen’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, analysts forecast that Zoe’s Kitchen will post ($0.06) EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Airain ltd acquired a new stake in Zoe’s Kitchen during the second quarter valued at approximately $126,000. Voya Investment Management LLC acquired a new stake in Zoe’s Kitchen during the second quarter valued at approximately $127,000. Virtu KCG Holdings LLC acquired a new stake in Zoe’s Kitchen during the second quarter valued at approximately $130,000. Quantbot Technologies LP raised its stake in Zoe’s Kitchen by 1,002.6% in the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 7,229 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in Zoe’s Kitchen by 12.2% in the second quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 1,522 shares during the last quarter.

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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