Zoe’s Kitchen, Inc. (NYSE:ZOES) was upgraded by investment analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday. The firm presently has a $17.00 price target on the restaurant operator’s stock, up from their previous price target of $15.00. Telsey Advisory Group’s price target would indicate a potential upside of 35.46% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other analysts also recently issued reports on the company. Maxim Group restated a “buy” rating and issued a $28.00 price objective on shares of Zoe’s Kitchen in a research report on Tuesday, May 23rd. Deutsche Bank AG restated a “hold” rating and issued a $13.00 price objective (down from $15.00) on shares of Zoe’s Kitchen in a research report on Monday, July 10th. Robert W. Baird downgraded Zoe’s Kitchen from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research report on Monday, May 22nd. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reduced their price objective on Zoe’s Kitchen from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, May 30th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.35.
Zoe’s Kitchen (NYSE:ZOES) opened at 12.55 on Thursday. Zoe’s Kitchen has a 12-month low of $10.77 and a 12-month high of $37.70. The stock’s 50 day moving average price is $11.58 and its 200 day moving average price is $16.00. The stock has a market cap of $244.57 million, a price-to-earnings ratio of 597.62 and a beta of 0.37.
Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The company had revenue of $74.30 million for the quarter, compared to analyst estimates of $75.11 million. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. Zoe’s Kitchen’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. Analysts forecast that Zoe’s Kitchen will post ($0.06) EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Zoe’s Kitchen by 0.7% in the second quarter. Rhumbline Advisers now owns 21,143 shares of the restaurant operator’s stock valued at $252,000 after buying an additional 155 shares during the period. Schwab Charles Investment Management Inc. increased its position in Zoe’s Kitchen by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 66,390 shares of the restaurant operator’s stock valued at $791,000 after buying an additional 399 shares during the period. Macquarie Group Ltd. increased its position in Zoe’s Kitchen by 0.8% in the second quarter. Macquarie Group Ltd. now owns 65,640 shares of the restaurant operator’s stock valued at $782,000 after buying an additional 499 shares during the period. Dimensional Fund Advisors LP increased its position in Zoe’s Kitchen by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the restaurant operator’s stock valued at $851,000 after buying an additional 618 shares during the period. Finally, American International Group Inc. increased its position in Zoe’s Kitchen by 7.1% in the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 781 shares during the period.
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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