Zoe's Kitchen Inc (ZOES) Given Consensus Recommendation of “Hold” by Analysts

Zoe's Kitchen Inc (NYSE:ZOES) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.69.

ZOES has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. BidaskClub upgraded shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Telsey Advisory Group lowered shares of Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Zoe's Kitchen in a research note on Thursday, November 2nd. Finally, Jefferies Group upgraded shares of Zoe's Kitchen from a “hold” rating to a “buy” rating and increased their price objective for the stock from $11.01 to $16.00 in a research note on Friday, November 10th.

Shares of Zoe's Kitchen (NYSE ZOES) traded down $0.08 during trading on Tuesday, reaching $13.67. 148,091 shares of the company’s stock were exchanged, compared to its average volume of 340,083. 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 has a twelve month low of $10.77 and a twelve month high of $23.65. The firm has a market cap of $262.62, a price-to-earnings ratio of 1,368.37 and a beta of 0.33.

Several large investors have recently added to or reduced their stakes in ZOES. Voya Investment Management LLC acquired a new stake in Zoe's Kitchen during the second quarter valued at $127,000. Virtu KCG Holdings LLC acquired a new stake in Zoe's Kitchen during the second quarter valued at $130,000. Ladenburg Thalmann Financial Services Inc. grew its position in Zoe's Kitchen by 53.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock valued at $195,000 after buying an additional 5,350 shares during the period. The Manufacturers Life Insurance Company grew its position in Zoe's Kitchen by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock valued at $196,000 after buying an additional 1,118 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in Zoe's Kitchen during the second quarter valued at $229,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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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.

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

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