Zoe's Kitchen (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, November 15th.
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. “
ZOES has been the subject of several other reports. BidaskClub upgraded shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Maxim Group restated a “buy” rating and set a $20.00 price target on shares of Zoe's Kitchen in a report on Thursday, November 2nd. Jefferies Group upgraded shares of Zoe's Kitchen from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.01 to $16.00 in a report on Friday, November 10th. Robert W. Baird decreased their price target on shares of Zoe's Kitchen from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, August 14th. Finally, Cowen restated a “hold” rating and set a $12.00 price target on shares of Zoe's Kitchen in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Zoe's Kitchen presently has an average rating of “Hold” and a consensus target price of $17.15.
Zoe's Kitchen (ZOES) traded up $0.53 during trading on Wednesday, reaching $16.12. 859,058 shares of the company’s stock traded hands, compared to its average volume of 549,047. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.61 and a current ratio of 0.71. Zoe's Kitchen has a 52-week low of $10.77 and a 52-week high of $27.41.
Zoe's Kitchen (NYSE:ZOES) last announced its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. Zoe's Kitchen had a net margin of 0.12% and a negative return on equity of 0.66%. The company had revenue of $77.85 million during the quarter, compared to analysts’ expectations of $78.67 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. research analysts forecast that Zoe's Kitchen will post -0.1 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Airain ltd bought a new position in shares of Zoe's Kitchen in the second quarter valued at approximately $126,000. Voya Investment Management LLC bought a new position in shares of Zoe's Kitchen in the second quarter valued at approximately $127,000. Virtu KCG Holdings LLC bought a new position in shares of Zoe's Kitchen in the second quarter valued at approximately $130,000. DF Dent & Co. Inc. raised its position in shares of Zoe's Kitchen by 12.2% in the second quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after purchasing an additional 1,522 shares during the period. Finally, Royce & Associates LP bought a new position in Zoe's Kitchen during the second quarter worth $179,000.
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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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