Zoe's Kitchen Inc (ZOES) Given Consensus Rating of “Hold” by Brokerages
Zoe's Kitchen Inc (NYSE:ZOES) has been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.69.
Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Zoe's Kitchen from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Zoe's Kitchen in a report on Friday, November 10th. BidaskClub raised shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Jefferies Group reissued a “buy” rating and issued a $20.00 price target on shares of Zoe's Kitchen in a research note on Friday, December 22nd.
Several large investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in shares of Zoe's Kitchen in the fourth quarter worth about $1,720,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Zoe's Kitchen in the fourth quarter worth about $475,000. Prescott Group Capital Management L.L.C. lifted its stake in shares of Zoe's Kitchen by 24.5% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 79,700 shares of the restaurant operator’s stock worth $1,333,000 after buying an additional 15,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Zoe's Kitchen by 13.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 79,173 shares of the restaurant operator’s stock worth $1,324,000 after buying an additional 9,110 shares in the last quarter. Finally, Sicart Associates LLC purchased a new position in Zoe's Kitchen during the fourth quarter worth about $276,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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