Zoe's Kitchen Inc to Post Q1 2018 Earnings of $0.07 Per Share, William Blair Forecasts (ZOES)

Zoe's Kitchen Inc (NYSE:ZOES) – Investment analysts at William Blair raised their Q1 2018 earnings estimates for shares of Zoe's Kitchen in a report released on Monday, according to Zacks Investment Research. William Blair analyst S. Zackfia now anticipates that the restaurant operator will earn $0.07 per share for the quarter, up from their prior forecast of $0.06. William Blair also issued estimates for Zoe's Kitchen’s Q3 2018 earnings at $0.01 EPS and FY2018 earnings at $0.03 EPS.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. BidaskClub upgraded shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Telsey Advisory Group lowered shares of Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Maxim Group restated a “buy” rating and issued a $20.00 price objective on shares of Zoe's Kitchen in a report on Thursday, November 2nd. Finally, Jefferies Group upgraded shares of Zoe's Kitchen from a “hold” rating to a “buy” rating and upped their price objective for the stock from $11.01 to $16.00 in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.72.

Shares of Zoe's Kitchen (NYSE ZOES) traded up $0.17 on Tuesday, reaching $13.84. 261,523 shares of the company’s stock traded hands, compared to its average volume of 337,636. The stock has a market cap of $268.88, a PE ratio of 1,385.39 and a beta of 0.33. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. Zoe's Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $23.65.

Institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC bought a new position in shares of Zoe's Kitchen in the 2nd quarter worth about $127,000. Virtu KCG Holdings LLC bought a new position in shares of Zoe's Kitchen in the 2nd quarter worth about $130,000. DF Dent & Co. Inc. increased its stake in shares of Zoe's Kitchen by 12.2% in the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after acquiring an additional 1,522 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of Zoe's Kitchen in the 2nd quarter worth about $182,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Zoe's Kitchen by 53.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock worth $195,000 after acquiring an additional 5,350 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/william-blair-weighs-in-on-zoes-kitchen-incs-q1-2018-earnings-zoes.html.

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.

Get a free copy of the Zacks research report on Zoe's Kitchen (ZOES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zoe's Kitchen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoe's Kitchen and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply