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.
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