Zoe’s Kitchen, Inc. (NYSE:ZOES) has received an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.55.

ZOES has been the subject of several recent research reports. Maxim Group lowered their target price on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 14th. Robert W. Baird lowered their target price on shares of Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, August 14th. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price (down from $15.00) on shares of Zoe’s Kitchen in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $15.00 to $17.00 in a report on Thursday, August 17th. They noted that the move was a valuation call.

Shares of Zoe’s Kitchen (NYSE:ZOES) traded down 5.30% during mid-day trading on Wednesday, reaching $12.16. The company’s stock had a trading volume of 486,848 shares. Zoe’s Kitchen has a 12 month low of $10.77 and a 12 month high of $27.41. The company has a 50-day moving average of $12.85 and a 200-day moving average of $14.17. The company’s market cap is $237.55 million.

Zoe’s Kitchen (NYSE:ZOES) last released its earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative net margin of 0.07% and a negative return on equity of 0.27%. The firm had revenue of $74.30 million during the quarter, compared to analyst estimates of $75.11 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Zoe’s Kitchen will post ($0.09) earnings per share for the current fiscal year.

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In other news, Director A Alexander Taylor II acquired 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the acquisition, the director now directly owns 7,508 shares in the company, valued at $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZOES. American International Group Inc. raised its holdings in Zoe’s Kitchen by 7.1% in the 1st quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock worth $218,000 after acquiring an additional 781 shares during the last quarter. FMR LLC purchased a new position in Zoe’s Kitchen in the 1st quarter worth approximately $8,984,000. Teachers Advisors LLC raised its holdings in Zoe’s Kitchen by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock worth $4,411,000 after acquiring an additional 1,110 shares during the last quarter. California Public Employees Retirement System raised its holdings in Zoe’s Kitchen by 193.3% in the 1st quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock worth $986,000 after acquiring an additional 31,900 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Zoe’s Kitchen by 40.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 766,158 shares of the restaurant operator’s stock worth $14,174,000 after acquiring an additional 219,288 shares during the last quarter.

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.

Analyst Recommendations for Zoe`s Kitchen (NYSE:ZOES)

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