Zoe's Kitchen (NYSE:ZOES) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the company. Maxim Group reduced their price objective on Zoe's Kitchen from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Jefferies Group raised Zoe's Kitchen from a “hold” rating to a “buy” rating and increased their price objective for the company from $11.01 to $16.00 in a research report on Friday, November 10th. Zacks Investment Research raised Zoe's Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Cowen reaffirmed a “hold” rating and issued a $12.00 target price on shares of Zoe's Kitchen in a research report on Friday, November 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $15.00 target price on shares of Zoe's Kitchen in a research report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.15.

Zoe's Kitchen (NYSE:ZOES) traded up $0.17 on Tuesday, hitting $16.29. The stock had a trading volume of 410,767 shares, compared to its average volume of 548,456. 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 current ratio of 0.71 and a quick ratio of 0.61.

Zoe's Kitchen (NYSE:ZOES) last posted its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The company had revenue of $77.85 million during the quarter, compared to analysts’ expectations of $78.67 million. During the same period in the prior year, the business earned $0.04 earnings per share. Zoe's Kitchen’s revenue for the quarter was up 15.7% compared to the same quarter last year. sell-side analysts predict that Zoe's Kitchen will post -0.1 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in Zoe's Kitchen by 35.6% in the first quarter. Legal & General Group Plc now owns 2,825 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 742 shares during the period. Airain ltd bought a new position in Zoe's Kitchen in the second quarter worth $126,000. Voya Investment Management LLC acquired a new position in Zoe's Kitchen during the second quarter worth $127,000. Virtu KCG Holdings LLC acquired a new position in Zoe's Kitchen during the second quarter worth $130,000. Finally, Quantbot Technologies LP raised its stake in Zoe's Kitchen by 1,002.6% during the first quarter. Quantbot Technologies LP now owns 7,950 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 7,229 shares in the last quarter.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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