Zacks Investment Research Downgrades Zoe's Kitchen (ZOES) to Sell

Zacks Investment Research cut shares of Zoe's Kitchen (NYSE:ZOES) from a hold rating to a sell rating in a research report sent to investors on Saturday, January 13th.

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. “

Several other equities analysts have also recently weighed in on ZOES. Jefferies Group upgraded Zoe's Kitchen from a hold rating to a buy rating and lifted their price objective for the company from $11.01 to $16.00 in a report on Friday, November 10th. Maxim Group reissued a buy rating and issued a $20.00 target price on shares of Zoe's Kitchen in a research report on Thursday, November 2nd. Cowen reissued a hold rating and issued a $12.00 target price on shares of Zoe's Kitchen in a research report on Friday, November 10th. Telsey Advisory Group lowered Zoe's Kitchen from an outperform rating to a market perform rating in a research report on Wednesday, January 10th. Finally, BidaskClub raised Zoe's Kitchen from a strong sell rating to a sell rating in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $16.72.

Shares of Zoe's Kitchen (NYSE ZOES) opened at $13.87 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $271.23, a PE ratio of 693.50 and a beta of 0.33. Zoe's Kitchen has a 12-month low of $10.77 and a 12-month high of $23.65.

Zoe's Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The firm had revenue of $77.85 million during the quarter, compared to analyst estimates of $78.67 million. During the same period last year, the company earned $0.04 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. analysts anticipate that Zoe's Kitchen will post -0.1 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZOES. Voya Investment Management LLC bought a new stake in shares of Zoe's Kitchen during the 2nd quarter valued at $127,000. Virtu KCG Holdings LLC bought a new stake in shares of Zoe's Kitchen during the 2nd quarter valued at $130,000. DF Dent & Co. Inc. lifted its position in shares of Zoe's Kitchen by 12.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock valued at $166,000 after acquiring an additional 1,522 shares during the period. Royce & Associates LP bought a new stake in shares of Zoe's Kitchen during the 2nd quarter valued at $179,000. Finally, Highlander Capital Management LLC bought a new stake in shares of Zoe's Kitchen during the 2nd quarter valued at $182,000.

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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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