Zoe's Kitchen (ZOES) Lifted to “Hold” at Zacks Investment Research

Zoe's Kitchen (NYSE:ZOES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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. “

Other equities research analysts have also issued reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Zoe's Kitchen in a research report on Friday, December 22nd. Maxim Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Zoe's Kitchen in a research report 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 report on Friday, November 10th. ValuEngine upgraded Zoe's Kitchen from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Telsey Advisory Group downgraded Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.72.

Shares of Zoe's Kitchen (NYSE ZOES) traded down $0.58 during midday trading on Friday, reaching $14.20. The company’s stock had a trading volume of 374,239 shares, compared to its average volume of 328,266. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.09. The company has a market cap of $277.68, a price-to-earnings ratio of 710.00 and a beta of 0.52. Zoe's Kitchen has a 1-year low of $10.77 and a 1-year high of $23.65.

Zoe's Kitchen (NYSE:ZOES) last issued its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. The business had revenue of $77.85 million during the quarter, compared to analyst estimates of $78.67 million. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. Zoe's Kitchen’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. equities research analysts anticipate that Zoe's Kitchen will post -0.1 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Bamco Inc. NY increased its holdings in shares of Zoe's Kitchen by 26.5% in the 2nd 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 during the period. Peregrine Capital Management LLC increased its holdings 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 valued at $10,494,000 after acquiring an additional 13,286 shares during the period. TIAA CREF Investment Management LLC increased its holdings 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 valued at $8,748,000 after acquiring an additional 2,493 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Zoe's Kitchen by 692.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 613,448 shares of the restaurant operator’s stock valued at $7,306,000 after acquiring an additional 536,063 shares during the period. Finally, Legion Partners Asset Management LLC purchased a new position in shares of Zoe's Kitchen in the 3rd quarter valued at $7,075,000.

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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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