Equities analysts expect Zoe's Kitchen Inc (NYSE:ZOES) to post $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Zoe's Kitchen’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.04. Zoe's Kitchen reported earnings per share of $0.06 during the same quarter last year, which suggests a negative year-over-year growth rate of 66.7%. The company is scheduled to report its next quarterly earnings report on Monday, August 28th.

According to Zacks, analysts expect that Zoe's Kitchen will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.10) to $0.00. For the next year, analysts anticipate that the company will post earnings of $0.03 per share, with EPS estimates ranging from ($0.06) to $0.08. Zacks’ EPS calculations are an average based on a survey of research firms that cover Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last announced its quarterly earnings results on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. Zoe's Kitchen had a net margin of 0.02% and a return on equity of 0.05%. The firm had revenue of $90.60 million for the quarter, compared to analyst estimates of $92.61 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis.

Several analysts have recently commented on the stock. Cowen and Company reduced their price objective on shares of Zoe's Kitchen from $19.00 to $14.00 and set a “market perform” rating for the company in a research report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a “hold” rating and set a $13.00 price objective (down previously from $15.00) on shares of Zoe's Kitchen in a research report on Monday, July 10th. Jefferies Group LLC reduced their price objective on shares of Zoe's Kitchen from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, May 30th. ValuEngine downgraded shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price objective (down previously from $26.00) on shares of Zoe's Kitchen in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Zoe's Kitchen currently has an average rating of “Hold” and an average target price of $19.33.

Shares of Zoe's Kitchen (ZOES) traded down 2.42% on Friday, reaching $11.31. 621,157 shares of the company’s stock were exchanged. Zoe's Kitchen has a 52-week low of $10.94 and a 52-week high of $38.00. The stock has a market cap of $220.41 million, a P/E ratio of 538.57 and a beta of 0.39. The company’s 50 day moving average price is $12.82 and its 200-day moving average price is $17.60.

Institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of Zoe's Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after buying an additional 781 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Zoe's Kitchen by 1,002.6% in the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock worth $147,000 after buying an additional 7,229 shares in the last quarter. Brown Capital Management LLC boosted its position in shares of Zoe's Kitchen by 1.7% in the first quarter. Brown Capital Management LLC now owns 3,277,985 shares of the restaurant operator’s stock worth $60,643,000 after buying an additional 53,239 shares in the last quarter. Keybank National Association OH boosted its position in shares of Zoe's Kitchen by 86.7% in the first quarter. Keybank National Association OH now owns 17,891 shares of the restaurant operator’s stock worth $331,000 after buying an additional 8,307 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Zoe's Kitchen during the first quarter worth about $1,003,000.

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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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