-$0.13 EPS Expected for Zoe's Kitchen Inc (ZOES) This Quarter

Wall Street brokerages expect that Zoe's Kitchen Inc (NYSE:ZOES) will post ($0.13) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zoe's Kitchen’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.11). Zoe's Kitchen posted earnings of ($0.07) per share in the same quarter last year, which would suggest a negative year over year growth rate of 85.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, 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 ($0.08). For the next financial year, analysts forecast that the business will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.14) to $0.03. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last released its quarterly earnings data 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 analyst estimates of $78.67 million. During the same period in the previous year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year.

A number of research analysts have issued reports on ZOES shares. Cowen restated a “hold” rating and issued a $12.00 target price on shares of Zoe's Kitchen in a report on Friday, November 10th. Jefferies Group upgraded shares of Zoe's Kitchen from a “hold” rating to a “buy” rating and upped their target price for the company from $11.01 to $16.00 in a report on Friday, November 10th. Zacks Investment Research lowered shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Robert W. Baird restated a “neutral” rating and issued a $13.00 target price on shares of Zoe's Kitchen in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.72.

Large investors have recently added to or reduced their stakes in the business. Legion Partners Asset Management LLC purchased a new position in Zoe's Kitchen in the 3rd quarter valued at about $7,075,000. Parametric Portfolio Associates LLC increased its stake in shares of Zoe's Kitchen by 141.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,977 shares of the restaurant operator’s stock valued at $333,000 after acquiring an additional 16,411 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Zoe's Kitchen during the 3rd quarter valued at about $2,600,000. Thrivent Financial For Lutherans increased its stake in shares of Zoe's Kitchen by 6.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 587,160 shares of the restaurant operator’s stock valued at $6,993,000 after acquiring an additional 36,690 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Zoe's Kitchen by 8.6% during the 2nd quarter. State Street Corp now owns 353,528 shares of the restaurant operator’s stock valued at $4,211,000 after acquiring an additional 27,851 shares during the last quarter.

Zoe's Kitchen (ZOES) traded down $0.20 during trading on Monday, hitting $15.32. 261,104 shares of the company traded hands, compared to its average volume of 347,258. Zoe's Kitchen has a 1-year low of $10.77 and a 1-year high of $23.65. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock has a market cap of $299.58, a price-to-earnings ratio of 766.00 and a beta of 0.52.

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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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