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.
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