-$0.13 Earnings Per Share Expected for Zoe's Kitchen Inc (ZOES) This Quarter

Analysts expect Zoe's Kitchen Inc (NYSE:ZOES) to report ($0.13) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Zoe's Kitchen’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.14). Zoe's Kitchen reported earnings per share of ($0.07) in the same quarter last year, which would suggest a negative year-over-year growth rate of 85.7%. The business is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Zoe's Kitchen will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.07). For the next fiscal year, analysts expect that the company will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.13) to $0.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.01 EPS for the quarter. The firm had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. Zoe's Kitchen had a net margin of 0.35% and a return on equity of 0.88%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS.

ZOES has been the topic of several recent analyst reports. Jefferies Group upgraded 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 report on Friday, November 10th. Zacks Investment Research cut shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Maxim Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Zoe's Kitchen in a research note on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and set a $12.00 target price on shares of Zoe's Kitchen in a research note on Friday, November 10th. Finally, Telsey Advisory Group raised shares of Zoe's Kitchen from a “market perform” rating to an “outperform” rating and raised their target price 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Zoe's Kitchen has a consensus rating of “Hold” and an average price target of $17.15.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY grew its stake in Zoe's Kitchen by 26.5% during the second quarter. Bamco Inc. NY now owns 1,200,000 shares of the restaurant operator’s stock valued at $14,292,000 after acquiring an additional 251,431 shares in the last quarter. Peregrine Capital Management LLC grew its stake in shares of Zoe's Kitchen by 1.6% in the 3rd quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock worth $10,494,000 after buying an additional 13,286 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Zoe's Kitchen by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock worth $14,629,000 after buying an additional 51,682 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Zoe's Kitchen by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 734,530 shares of the restaurant operator’s stock worth $8,748,000 after buying an additional 2,493 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Zoe's Kitchen in the 2nd quarter worth $7,728,000.

Shares of Zoe's Kitchen (NYSE:ZOES) traded down $0.39 during mid-day trading on Friday, hitting $15.59. 696,700 shares of the stock traded hands, compared to its average volume of 565,855. Zoe's Kitchen has a 12-month low of $10.77 and a 12-month high of $27.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.61 and a current ratio of 0.71.

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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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