Zoe’s Kitchen, Inc. (NYSE:ZOES)‘s stock had its “buy” rating restated by research analysts at Maxim Group in a research note issued on Thursday. They currently have a $20.00 price target on the restaurant operator’s stock. Maxim Group’s price target points to a potential upside of 62.87% from the company’s current price.

The analysts wrote, “We reiterate our Buy rating and $20 price target on Zoe’s Kitchen (ZOES) ahead of the release of 3Q17 (September) results on Thursday, November 9. We lower our 3Q17 EPS estimate to $0.01, from $0.02, as we reduce our quarterly comp forecast to +0.8% (from +1.5%) to account for closures related to Hurricanes Harvey and Irma. We maintain our 2018 EPS estimate of $0.12 on a mix of positive comps and improved margins.””

Several other research firms have also commented on ZOES. Credit Suisse Group cut their price target on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Zoe’s Kitchen in a report on Tuesday, September 19th. Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and raised their price target 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. Finally, Deutsche Bank AG restated a “hold” rating and issued a $13.00 price target (down previously from $15.00) on shares of Zoe’s Kitchen in a report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.55.

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, topping 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 business had revenue of $74.30 million for the quarter, compared to analysts’ expectations of $75.11 million. During the same period last year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis.

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In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the acquisition, the director now owns 7,508 shares of the company’s stock, valued at approximately $96,627.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in shares of Zoe’s Kitchen during the first quarter valued at approximately $1,310,000. Schwab Charles Investment Management Inc. raised its stake in shares of Zoe’s Kitchen by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 65,991 shares of the restaurant operator’s stock valued at $1,221,000 after purchasing an additional 3,591 shares during the period. American International Group Inc. raised its stake in shares of Zoe’s Kitchen by 7.1% during the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 781 shares during the period. FMR LLC purchased a new stake in shares of Zoe’s Kitchen during the first quarter valued at approximately $8,984,000. Finally, Engineers Gate Manager LP raised its stake in shares of Zoe’s Kitchen by 19.5% during the second quarter. Engineers Gate Manager LP now owns 64,825 shares of the restaurant operator’s stock valued at $772,000 after purchasing an additional 10,595 shares during the period.

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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