Zoe's Kitchen (NYSE:ZOES)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $17.00 price objective on the restaurant operator’s stock. Jefferies Group’s price target indicates a potential upside of 15.02% from the stock’s previous close. Jefferies Group also issued estimates for Zoe's Kitchen’s Q3 2018 earnings at $0.00 EPS.
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Zoe's Kitchen from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Robert W. Baird restated a “neutral” rating and issued a $13.00 price target on shares of Zoe's Kitchen in a research note on Friday, November 10th. Zacks Investment Research upgraded Zoe's Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen restated a “hold” rating and issued a $12.00 price target on shares of Zoe's Kitchen in a research note on Friday, November 10th. Finally, Telsey Advisory Group cut Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Zoe's Kitchen has a consensus rating of “Hold” and a consensus target price of $15.06.
Shares of Zoe's Kitchen (ZOES) opened at $14.78 on Friday. Zoe's Kitchen has a 12 month low of $10.77 and a 12 month high of $22.89. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $279.52, a price-to-earnings ratio of -134.36 and a beta of 0.33.
Zoe's Kitchen (NYSE:ZOES) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Zoe's Kitchen had a negative return on equity of 1.46% and a negative net margin of 0.63%. The business had revenue of $71.38 million for the quarter, compared to analysts’ expectations of $71.64 million. During the same quarter in the prior year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. equities analysts expect that Zoe's Kitchen will post -0.02 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new position in Zoe's Kitchen in the 4th quarter valued at $154,000. Voya Investment Management LLC acquired a new position in Zoe's Kitchen in the 2nd quarter valued at $127,000. Virtu KCG Holdings LLC acquired a new position in Zoe's Kitchen in the 2nd quarter valued at $130,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Zoe's Kitchen by 53.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock valued at $195,000 after buying an additional 5,350 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Zoe's Kitchen by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock valued at $196,000 after buying an additional 1,118 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.
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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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