Zoe’s Kitchen, Inc. (ZOES) Earns “Hold” Rating from Robert W. Baird
Robert W. Baird reiterated their hold rating on shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) in a research note released on Tuesday. They currently have a $15.00 price target on the restaurant operator’s stock.
A number of other research firms have also commented on ZOES. Maxim Group reaffirmed a buy rating and issued a $28.00 price objective on shares of Zoe’s Kitchen in a research note on Tuesday, May 23rd. Zacks Investment Research lowered shares of Zoe’s Kitchen from a hold rating to a sell rating in a research note on Thursday, May 25th. ValuEngine lowered shares of Zoe’s Kitchen from a hold rating to a sell rating in a research note on Friday, June 2nd. Cowen and Company decreased 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 note on Tuesday, May 30th. Finally, Telsey Advisory Group reissued a market perform rating and set a $15.00 target price (down previously from $26.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $17.55.
Zoe’s Kitchen (NYSE ZOES) opened at 12.95 on Tuesday. Zoe’s Kitchen has a one year low of $10.77 and a one year high of $27.41. The firm’s market capitalization is $252.98 million. The firm has a 50-day moving average price of $12.45 and a 200 day moving average price of $14.64.
Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The firm had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Zoe’s Kitchen will post ($0.09) earnings per share for the current year.
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In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the acquisition, the director now owns 7,508 shares of the company’s stock, valued at $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Zoe’s Kitchen by 6.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,930 shares of the restaurant operator’s stock valued at $452,000 after purchasing an additional 2,162 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Zoe’s Kitchen during the 2nd quarter valued at $235,000. DF Dent & Co. Inc. raised its holdings in shares of Zoe’s Kitchen by 12.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after purchasing an additional 1,522 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of Zoe’s Kitchen during the 2nd quarter valued at $182,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Zoe’s Kitchen by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock valued at $196,000 after purchasing an additional 1,118 shares in 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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