Zoe’s Kitchen, Inc. (NYSE:ZOES) Expected to Announce Earnings of $0.02 Per Share

Equities analysts forecast that Zoe’s Kitchen, Inc. (NYSE:ZOES) will report $0.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Zoe’s Kitchen’s earnings, with estimates ranging from $0.00 to $0.04. Zoe’s Kitchen posted earnings per share of $0.06 during the same quarter last year, which would indicate a negative year over year growth rate of 66.7%. The firm is expected to issue its next earnings results on Monday, August 28th.

According to Zacks, analysts expect that Zoe’s Kitchen will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.10) to $0.00. For the next fiscal year, analysts anticipate that the business will post earnings of $0.03 per share, with EPS estimates ranging from ($0.06) to $0.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Zoe’s Kitchen.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings data on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $90.60 million during the quarter, compared to analysts’ expectations of $92.61 million. Zoe’s Kitchen had a return on equity of 0.62% and a net margin of 0.15%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share.

ZOES has been the subject of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $15.00 price objective (down from $26.00) on shares of Zoe’s Kitchen in a research note on Tuesday, May 30th. Piper Jaffray Companies lowered their price target on shares of Zoe’s Kitchen from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, March 23rd. Maxim Group reissued a “buy” rating and issued a $28.00 price target on shares of Zoe’s Kitchen in a report on Tuesday, May 23rd. Robert W. Baird cut shares of Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $20.00 in a report on Monday, May 22nd. Finally, Zacks Investment Research raised shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Zoe’s Kitchen presently has a consensus rating of “Hold” and a consensus price target of $19.56.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in shares of Zoe’s Kitchen by 1,002.6% in the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock worth $147,000 after buying an additional 7,229 shares during the period. Keybank National Association OH purchased a new position in shares of Zoe’s Kitchen during the fourth quarter worth about $230,000. Bank of Montreal Can purchased a new position in shares of Zoe’s Kitchen during the first quarter worth about $188,000. American International Group Inc. boosted its position in shares of Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after buying an additional 781 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Zoe’s Kitchen by 44.4% in the first quarter. IFP Advisors Inc now owns 13,000 shares of the restaurant operator’s stock worth $240,000 after buying an additional 4,000 shares during the period.

Zoe’s Kitchen (ZOES) traded up 1.85% during mid-day trading on Tuesday, reaching $12.13. The company had a trading volume of 302,019 shares. Zoe’s Kitchen has a 12 month low of $11.52 and a 12 month high of $38.00. The firm’s 50-day moving average price is $14.80 and its 200-day moving average price is $19.01. The stock has a market cap of $236.39 million, a PE ratio of 577.62 and a beta of 0.39.

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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