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.

Analyst Recommendations for Zoe`s Kitchen (NYSE:ZOES)

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