Wall Street analysts expect Zoe’s Kitchen, Inc. (NYSE:ZOES) to report $75.46 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Zoe’s Kitchen’s earnings. The highest sales estimate is $75.93 million and the lowest is $74.58 million. Zoe’s Kitchen reported sales of $66.27 million in the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The business is scheduled to issue its next quarterly earnings report on Monday, August 28th.

According to Zacks, analysts expect that Zoe’s Kitchen will report full year sales of $75.46 million for the current fiscal year, with estimates ranging from $313.96 million to $318.94 million. For the next fiscal year, analysts forecast that the firm will report sales of $379.57 million per share, with estimates ranging from $373.17 million to $384.25 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Zoe’s Kitchen.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings results on Friday, June 2nd. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Zoe’s Kitchen had a return on equity of 0.62% and a net margin of 0.15%. The company had revenue of $90.60 million for the quarter, compared to analyst estimates of $92.61 million. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.

ZOES has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Maxim Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Zoe’s Kitchen in a research report on Tuesday, May 23rd. Robert W. Baird downgraded Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research report on Monday, May 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $15.00 price objective (down previously from $21.00) on shares of Zoe’s Kitchen in a research report on Tuesday, May 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 price objective on shares of Zoe’s Kitchen in a research report on Tuesday, April 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned 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 price target of $19.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZOES. Thrivent Financial For Lutherans increased its position in Zoe’s Kitchen by 122.4% in the first quarter. Thrivent Financial For Lutherans now owns 550,470 shares of the restaurant operator’s stock worth $10,184,000 after buying an additional 303,000 shares during the last quarter. Deane Retirement Strategies Inc. increased its position in Zoe’s Kitchen by 5.9% in the first quarter. Deane Retirement Strategies Inc. now owns 96,580 shares of the restaurant operator’s stock worth $1,785,000 after buying an additional 5,340 shares during the last quarter. State Street Corp increased its position in Zoe’s Kitchen by 3.8% in the fourth quarter. State Street Corp now owns 328,309 shares of the restaurant operator’s stock worth $7,879,000 after buying an additional 12,020 shares during the last quarter. Quantbot Technologies LP increased its position in 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 during the last quarter. Finally, Bank of Montreal Can purchased a new position in Zoe’s Kitchen during the first quarter worth about $188,000.

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Zoe’s Kitchen (NYSE ZOES) opened at 11.31 on Friday. Zoe’s Kitchen has a 52 week low of $10.94 and a 52 week high of $38.00. The stock has a 50 day moving average price of $12.82 and a 200 day moving average price of $17.60. The company has a market cap of $220.41 million, a price-to-earnings ratio of 538.57 and a beta of 0.39.

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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