Zoe’s Kitchen, Inc. (ZOES) Lifted to Outperform at Telsey Advisory Group
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.
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.
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