Zoe's Kitchen’s (NYSE:ZOES) Buy Rating Reaffirmed at Jefferies Group

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.

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

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