Zoe's Kitchen Hits New 52-Week High at $35.00 (ZOES)
Zoe's Kitchen (NASDAQ:ZOES) hit a new 52-week high on Wednesday , AnalystRatingsNetwork reports. The company traded as high as $35.00 and last traded at $34.47, with a volume of 288,152 shares trading hands. The stock had previously closed at $32.48.
A number of analysts have recently weighed in on ZOES shares. Analysts at Stephens initiated coverage on shares of Zoe's Kitchen in a research note on Tuesday, May 6th. They set an “equal weight” rating and a $26.00 price target on the stock. Separately, analysts at Robert W. Baird initiated coverage on shares of Zoe's Kitchen in a research note on Tuesday, May 6th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Zoe's Kitchen in a research note on Tuesday, May 6th. They set a “hold” rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Zoe's Kitchen has a consensus rating of “Buy” and a consensus price target of $32.00.
The stock’s 50-day moving average is $29.47 and its 200-day moving average is $28.66. The company’s market cap is $636.7 million.
Zoe's Kitchen (NASDAQ:ZOES) last released its earnings data on Thursday, June 5th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.01. The company had revenue of $46.30 million for the quarter, compared to the consensus estimate of $44.68 million. The company’s quarterly revenue was up 47.5% on a year-over-year basis. Analysts expect that Zoe's Kitchen will post $0.01 EPS for the current fiscal year.
Zoe’s Kitchen, Inc is a restaurant serving Mediterranean dishes delivered with Southern hospitality. The Company offers a differentiated menu of Mediterranean cuisine with several Southern staples; extending Southern hospitality with personality, including food delivered to the table; providing an inviting, cosmopolitan, casual-chic environment in its restaurants; and delivering a catering experience for business and social events.
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