Zoe’s Kitchen (ZOES) Earning Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Zoe’s Kitchen (NYSE:ZOES) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Zoe’s Kitchen earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.6318709941869 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- 3 Ugly Truths and 2 Silver Linings from Zoe's Kitchen's Q2 Earnings (finance.yahoo.com)
- Four Restaurants That Might Be Most Hurt By Hurricane Harvey (finance.yahoo.com)
- $78.95 Million in Sales Expected for Zoe’s Kitchen, Inc. (ZOES) This Quarter (americanbankingnews.com)
- Latest Analysts Reports: Zoe’s Kitchen, Inc. (ZOES), PDC Energy, Inc. (PDCE) – AllStockNews (allstocknews.com)
- Today’s Research Report Coverage on Restaurants Stocks — BJ’s Restaurants, Bloomin’ Brands, Chipotle Mexican … – PR Newswire (press release) (prnewswire.com)
Several brokerages recently weighed in on ZOES. Zacks Investment Research raised shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Robert W. Baird reduced their price objective on shares of Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th. ValuEngine cut shares of Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Cowen and Company reduced their price objective on shares of Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $15.00 price objective (down previously from $21.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.35.
Shares of Zoe’s Kitchen (NYSE:ZOES) opened at 12.87 on Friday. Zoe’s Kitchen has a 12 month low of $10.77 and a 12 month high of $29.87. The company’s market cap is $251.42 million. The firm’s 50-day moving average is $11.95 and its 200-day moving average is $15.42.
Zoe’s Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $74.30 million during the quarter, compared to the consensus estimate of $75.11 million. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Zoe’s Kitchen will post ($0.09) earnings per share for the current year.
In related news, Director A Alexander Taylor II purchased 3,100 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the acquisition, the director now owns 7,508 shares of the company’s stock, valued at $96,627.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.
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About Zoe’s Kitchen
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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