Zoe's Kitchen (NYSE:ZOES)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Friday, December 22nd. They presently have a $20.00 price objective on the restaurant operator’s stock. Jefferies Group’s price objective would indicate a potential upside of 24.30% from the stock’s current price.
ZOES has been the subject of several other research reports. BidaskClub upgraded shares of Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Zoe's Kitchen from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Maxim Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Zoe's Kitchen in a research report on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Zoe's Kitchen in a research report on Friday, November 10th. Finally, ValuEngine raised shares of Zoe's Kitchen from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Zoe's Kitchen presently has a consensus rating of “Hold” and a consensus price target of $16.72.
Shares of Zoe's Kitchen (NYSE ZOES) opened at $16.09 on Friday. Zoe's Kitchen has a twelve month low of $10.77 and a twelve month high of $23.65. 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 results 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 during the quarter, compared to analyst estimates of $78.67 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. sell-side analysts expect that Zoe's Kitchen will post -0.1 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in ZOES. Legion Partners Asset Management LLC purchased a new stake in shares of Zoe's Kitchen in the 3rd quarter valued at $7,075,000. Bank of New York Mellon Corp boosted 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 last quarter. Bamco Inc. NY boosted 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 last quarter. Uniplan Investment Counsel Inc. purchased a new stake in shares of Zoe's Kitchen in the 3rd quarter valued at $2,600,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Zoe's Kitchen in the 2nd quarter valued at $1,930,000.
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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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