Zoe’s Kitchen, Inc. (ZOES) Upgraded at Zacks Investment Research
Zoe’s Kitchen, Inc. (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas. “
Several other analysts have also recently commented on ZOES. Maxim Group decreased their price target on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Robert W. Baird reduced their price objective on shares of Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th. Telsey Advisory Group raised shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $17.00 in a research note on Thursday, August 17th. They noted that the move was a valuation call. Credit Suisse Group reduced their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research note on Friday, August 18th. Finally, Jefferies Group LLC raised shares of Zoe’s Kitchen from a “hold” rating to a “buy” rating and raised their price objective for the company from $11.01 to $16.00 in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.15.
Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.66%. The business had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Zoe’s Kitchen’s revenue was up 15.7% compared to the same quarter last year. equities analysts anticipate that Zoe’s Kitchen will post -0.09 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Zoe’s Kitchen, Inc. (ZOES) Upgraded at Zacks Investment Research” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/15/zoes-kitchen-inc-zoes-upgraded-at-zacks-investment-research.html.
In related news, Director A Alexander Taylor II acquired 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at approximately $96,627.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.
Several large investors have recently modified their holdings of ZOES. Legal & General Group Plc raised its holdings in shares of Zoe’s Kitchen by 35.6% during the first quarter. Legal & General Group Plc now owns 2,825 shares of the restaurant operator’s stock worth $112,000 after acquiring an additional 742 shares during the period. Airain ltd acquired a new stake in Zoe’s Kitchen in the 2nd quarter valued at $126,000. Voya Investment Management LLC acquired a new stake in Zoe’s Kitchen in the 2nd quarter valued at $127,000. Virtu KCG Holdings LLC acquired a new stake in Zoe’s Kitchen in the 2nd quarter valued at $130,000. Finally, Quantbot Technologies LP increased its stake in Zoe’s Kitchen by 1,002.6% in the 1st quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 7,229 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Zoe's Kitchen Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoe's Kitchen Inc. and related companies with MarketBeat.com's FREE daily email newsletter.