Zoe’s Kitchen Inc. (NYSE:ZOES) Receives Consensus Recommendation of “Hold” from Analysts
Zoe’s Kitchen Inc. (NYSE:ZOES) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.97.
Several analysts recently weighed in on ZOES shares. Buckingham Research started coverage on shares of Zoe’s Kitchen in a report on Thursday, June 16th. They issued a “buy” rating and a $45.00 target price on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Zoe’s Kitchen in a report on Tuesday, June 28th. Zacks Investment Research raised shares of Zoe’s Kitchen from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, July 1st. Stifel Nicolaus cut shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating and reduced their target price for the company from $52.00 to $40.00 in a report on Tuesday, July 26th. Finally, Telsey Advisory Group started coverage on shares of Zoe’s Kitchen in a report on Monday, August 1st. They issued a “market perform” rating and a $40.00 target price on the stock.
Several institutional investors have recently made changes to their positions in ZOES. BlackRock Institutional Trust Company N.A. raised its position in shares of Zoe’s Kitchen by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 463,908 shares of the company’s stock worth $18,088,000 after buying an additional 1,616 shares during the period. JPMorgan Chase & Co. raised its position in Zoe’s Kitchen by 55.1% in the first quarter. JPMorgan Chase & Co. now owns 982,064 shares of the company’s stock worth $38,290,000 after buying an additional 348,750 shares during the period. 1832 Asset Management L.P. raised its position in Zoe’s Kitchen by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 1,677,500 shares of the company’s stock worth $107,898,000 after buying an additional 36,500 shares during the period. UBS Group AG raised its position in Zoe’s Kitchen by 3.6% in the first quarter. UBS Group AG now owns 139,562 shares of the company’s stock worth $5,442,000 after buying an additional 4,912 shares during the period. Finally, Legal & General Group Plc raised its position in Zoe’s Kitchen by 35.6% in the first quarter. Legal & General Group Plc now owns 2,825 shares of the company’s stock worth $112,000 after buying an additional 742 shares during the period.
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Zoe’s Kitchen (NYSE:ZOES) traded up 1.77% during mid-day trading on Monday, hitting $21.29. 214,308 shares of the stock traded hands. The company has a 50 day moving average of $25.88 and a 200-day moving average of $34.38. The stock has a market cap of $414.26 million, a PE ratio of 141.93 and a beta of 0.65. Zoe’s Kitchen has a 12-month low of $20.20 and a 12-month high of $41.76.
Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Monday, August 22nd. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Zoe’s Kitchen had a net margin of 1.14% and a return on equity of 1.33%. The business earned $66.30 million during the quarter. During the same period in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts forecast that Zoe’s Kitchen will post $0.11 earnings per share for the current year.
Zoe’s Kitchen Company Profile
Zoe’s Kitchen, Inc is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Company has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs.
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