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 (ZOES) traded up $0.57 on Wednesday, hitting $13.41. 1,027,400 shares of the stock traded hands, compared to its average volume of 546,701. Zoe’s Kitchen has a twelve month low of $10.77 and a twelve month high of $27.41. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 0.09.

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.

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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.

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

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