Zoe’s Kitchen Inc (ZOES) Expected to Announce Earnings of -$0.08 Per Share

Equities analysts expect that Zoe’s Kitchen Inc (NYSE:ZOES) will report earnings of ($0.08) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Zoe’s Kitchen’s earnings, with estimates ranging from ($0.13) to ($0.06). Zoe’s Kitchen reported earnings per share of $0.01 during the same quarter last year, which indicates a negative year-over-year growth rate of 900%. The business is scheduled to announce its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Zoe’s Kitchen will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.67) to ($0.37). For the next fiscal year, analysts forecast that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.80) to ($0.16). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Zoe’s Kitchen.

Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings results on Friday, August 17th. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.07). Zoe’s Kitchen had a negative return on equity of 5.77% and a negative net margin of 7.50%. The business had revenue of $81.56 million during the quarter, compared to analysts’ expectations of $82.77 million.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Zoe’s Kitchen from a “buy” rating to a “strong-buy” rating in a research note on Thursday. William Blair raised shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 1st. Maxim Group lifted their target price on shares of Zoe’s Kitchen to $12.75 and gave the stock a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Telsey Advisory Group downgraded shares of Zoe’s Kitchen from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.46.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trexquant Investment LP increased its position in shares of Zoe’s Kitchen by 36.0% during the second quarter. Trexquant Investment LP now owns 22,957 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 6,077 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Zoe’s Kitchen by 192.6% during the second quarter. Tower Research Capital LLC TRC now owns 18,562 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 12,219 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Zoe’s Kitchen by 19.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 94,649 shares of the restaurant operator’s stock valued at $1,367,000 after acquiring an additional 15,476 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Zoe’s Kitchen during the second quarter valued at about $191,000. Finally, Kassirer Asset Management Corp acquired a new stake in shares of Zoe’s Kitchen during the third quarter valued at about $254,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

Shares of ZOES stock opened at $12.72 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17. Zoe’s Kitchen has a 12 month low of $8.22 and a 12 month high of $17.65. The stock has a market cap of $249.36 million, a price-to-earnings ratio of -127.20 and a beta of 0.39.

Zoe’s Kitchen Company Profile

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

Featured Story: How to Track your Portfolio in Google Finance

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