Zoe’s Kitchen, Inc. (ZOES) Stock Rating Upgraded by BidaskClub

Zoe’s Kitchen, Inc. (NYSE:ZOES) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Wednesday.

ZOES has been the topic of several other reports. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Robert W. Baird decreased their price objective on Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, August 14th. Maxim Group cut their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. Telsey Advisory Group raised Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut their target price on Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.15.

Zoe’s Kitchen (NYSE ZOES) traded down $0.12 during midday trading on Wednesday, reaching $12.94. The company had a trading volume of 394,400 shares, compared to its average volume of 546,296. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 0.71. Zoe’s Kitchen has a one year low of $10.77 and a one year high of $27.41.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. Zoe’s Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. equities analysts forecast that Zoe’s Kitchen will post -0.1 earnings per share for the current year.

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In other Zoe’s Kitchen news, Director A Alexander Taylor II acquired 3,100 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $12.87 per share, with a total value of $39,897.00. Following the transaction, the director now directly owns 7,508 shares of the company’s stock, valued at approximately $96,627.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ZOES. Airain ltd bought a new position in shares of Zoe’s Kitchen during the 2nd quarter worth $126,000. Voya Investment Management LLC purchased a new stake in shares of Zoe’s Kitchen during the 2nd quarter worth $127,000. Virtu KCG Holdings LLC purchased a new stake in shares of Zoe’s Kitchen during the 2nd quarter worth $130,000. DF Dent & Co. Inc. lifted its stake in shares of Zoe’s Kitchen by 12.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after purchasing an additional 1,522 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Zoe’s Kitchen during the 2nd quarter worth $179,000.

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.

Analyst Recommendations for Zoe`s Kitchen (NYSE:ZOES)

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