Zoe’s Kitchen, Inc. (NYSE:ZOES) issued its quarterly earnings results on Friday, June 2nd. The restaurant operator reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, Briefing.com reports. The firm had revenue of $90.60 million for the quarter, compared to analysts’ expectations of $92.61 million. Zoe’s Kitchen had a net margin of 0.15% and a return on equity of 0.62%. Zoe’s Kitchen’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share.
Zoe’s Kitchen (ZOES) opened at 13.46 on Friday. Zoe’s Kitchen has a 12-month low of $11.52 and a 12-month high of $39.45. The company has a 50-day moving average price of $16.29 and a 200 day moving average price of $19.82. The company has a market cap of $262.31 million, a PE ratio of 640.95 and a beta of 0.38.
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Large investors have recently added to or reduced their stakes in the stock. Deane Retirement Strategies Inc. increased its stake in Zoe’s Kitchen by 5.9% in the first quarter. Deane Retirement Strategies Inc. now owns 96,580 shares of the restaurant operator’s stock worth $1,785,000 after buying an additional 5,340 shares during the last quarter. Numeric Investors LLC increased its position in Zoe’s Kitchen by 505.3% in the fourth quarter. Numeric Investors LLC now owns 79,900 shares of the restaurant operator’s stock valued at $1,917,000 after buying an additional 66,700 shares in the last quarter. State Street Corp increased its position in Zoe’s Kitchen by 3.8% in the fourth quarter. State Street Corp now owns 328,309 shares of the restaurant operator’s stock valued at $7,879,000 after buying an additional 12,020 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Zoe’s Kitchen during the fourth quarter valued at approximately $1,282,000. Finally, Sii Investments Inc. WI increased its position in Zoe’s Kitchen by 50.0% in the fourth quarter. Sii Investments Inc. WI now owns 15,000 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 5,000 shares in the last quarter.
Several equities research analysts recently commented on the company. Piper Jaffray Companies lowered their price target on Zoe’s Kitchen from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, March 23rd. Buckingham Research decreased their target price on Zoe’s Kitchen from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Maxim Group reiterated a “buy” rating and set a $28.00 price target on shares of Zoe’s Kitchen in a report on Tuesday, May 23rd. Finally, Robert W. Baird lowered Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Zoe’s Kitchen has an average rating of “Hold” and an average price target of $21.70.
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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