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.
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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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