Zacks Investment Research Upgrades Zoe’s Kitchen, Inc. (ZOES) to Hold
Zoe’s Kitchen, Inc. (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas. “
A number of other equities research analysts have also recently issued reports on ZOES. Maxim Group cut their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. BidaskClub upgraded Zoe’s Kitchen from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Cowen and Company reiterated a “hold” rating and issued a $12.00 target price on shares of Zoe’s Kitchen in a research note on Friday, November 10th. Robert W. Baird reiterated a “neutral” rating and issued a $13.00 target price on shares of Zoe’s Kitchen in a research note on Friday, November 10th. Finally, Jefferies Group LLC upgraded Zoe’s Kitchen from a “hold” rating to a “buy” rating and raised their target price for the company from $11.01 to $16.00 in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Zoe’s Kitchen has an average rating of “Hold” and an average price target of $17.15.
Shares of Zoe’s Kitchen (NYSE ZOES) traded down $0.12 on Wednesday, reaching $12.94. The company had a trading volume of 394,400 shares, compared to its average volume of 546,296. Zoe’s Kitchen has a 52-week low of $10.77 and a 52-week high of $27.41. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 0.09.
Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. Zoe’s Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. analysts predict that Zoe’s Kitchen will post -0.1 EPS for the current fiscal year.
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In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $12.87 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ZOES. Airain ltd acquired a new position in Zoe’s Kitchen during the second quarter worth about $126,000. Voya Investment Management LLC acquired a new position in Zoe’s Kitchen during the second quarter worth about $127,000. Virtu KCG Holdings LLC acquired a new position in Zoe’s Kitchen during the second quarter worth about $130,000. DF Dent & Co. Inc. grew its holdings in Zoe’s Kitchen by 12.2% during the second quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after acquiring an additional 1,522 shares during the period. Finally, Royce & Associates LP acquired a new position in Zoe’s Kitchen during the second quarter worth about $179,000.
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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