Zoe's Kitchen (NYSE:ZOES) Rating Lowered to Market Perform at Telsey Advisory Group

Zoe's Kitchen (NYSE:ZOES) was downgraded by equities research analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report released on Wednesday, January 10th.

ZOES has been the subject of a number of other research reports. BidaskClub upgraded Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research lowered Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Maxim Group restated a “buy” rating and issued a $20.00 target price on shares of Zoe's Kitchen in a report on Thursday, November 2nd. Jefferies Group upgraded Zoe's Kitchen from a “hold” rating to a “buy” rating and increased their target price for the company from $11.01 to $16.00 in a report on Friday, November 10th. Finally, Cowen restated a “hold” rating and issued a $12.00 target price on shares of Zoe's Kitchen in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.72.

Zoe's Kitchen (NYSE:ZOES) traded down $0.60 on Wednesday, hitting $13.87. The stock had a trading volume of 767,555 shares, compared to its average volume of 325,452. The stock has a market capitalization of $271.23, a price-to-earnings ratio of 693.50 and a beta of 0.33. Zoe's Kitchen has a one year low of $10.77 and a one year high of $23.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.71 and a quick ratio of 0.61.

Zoe's Kitchen (NYSE:ZOES) last released 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 during the quarter, compared to analyst estimates of $78.67 million. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share. equities analysts expect that Zoe's Kitchen will post -0.1 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Zoe's Kitchen by 13.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 79,173 shares of the restaurant operator’s stock worth $1,324,000 after acquiring an additional 9,110 shares in the last quarter. Sicart Associates LLC purchased a new stake in shares of Zoe's Kitchen during the fourth quarter worth $276,000. Wasatch Advisors Inc. raised its holdings in Zoe's Kitchen by 239.0% during the fourth quarter. Wasatch Advisors Inc. now owns 304,669 shares of the restaurant operator’s stock valued at $5,094,000 after buying an additional 214,809 shares in the last quarter. Bank of Montreal Can raised its holdings in Zoe's Kitchen by 33.3% during the fourth quarter. Bank of Montreal Can now owns 67,084 shares of the restaurant operator’s stock valued at $1,122,000 after buying an additional 16,771 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Zoe's Kitchen by 53.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock valued at $195,000 after buying an additional 5,350 shares in the last quarter.

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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.

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

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