Zoe’s Kitchen, Inc. (ZOES) Stock Rating Reaffirmed by Robert W. Baird

Zoe’s Kitchen, Inc. (NYSE:ZOES)‘s stock had its “neutral” rating reissued by research analysts at Robert W. Baird in a research note issued on Friday. They currently have a $13.00 target price on the restaurant operator’s stock. Robert W. Baird’s target price would suggest a potential upside of 4.00% from the stock’s current price.

A number of other equities research analysts have also weighed in on ZOES. Maxim Group reduced their target price on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Telsey Advisory Group raised shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $15.00 to $17.00 in a report on Thursday, August 17th. They noted that the move was a valuation call. Credit Suisse Group reduced their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research note on Friday, August 18th. 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. Finally, Jefferies Group LLC raised shares of Zoe’s Kitchen from a “hold” rating to a “buy” rating and upped their price objective for the company from $11.01 to $16.00 in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.15.

Shares of Zoe’s Kitchen (NYSE ZOES) opened at $12.50 on Friday. Zoe’s Kitchen has a 1-year low of $10.77 and a 1-year high of $27.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.63 and a quick ratio of 0.54.

Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. The firm had revenue of $77.85 million for the quarter, compared to analyst estimates of $78.67 million. During the same period in the previous year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. analysts expect that Zoe’s Kitchen will post -0.09 earnings per share for the current year.

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In related news, Director A Alexander Taylor II bought 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the transaction, the director now directly owns 7,508 shares of the company’s stock, valued at $96,627.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Airain ltd acquired a new position in shares of Zoe’s Kitchen during the 2nd quarter valued at $126,000. Voya Investment Management LLC acquired a new position in Zoe’s Kitchen during the second quarter worth $127,000. Virtu KCG Holdings LLC acquired a new position in Zoe’s Kitchen during the second quarter worth $130,000. DF Dent & Co. Inc. raised 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 buying an additional 1,522 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in Zoe’s Kitchen during the second quarter worth $179,000.

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.

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

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