Zoe’s Kitchen, Inc. (ZOES) Upgraded to “Buy” at Jefferies Group LLC

Jefferies Group LLC upgraded shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) from a hold rating to a buy rating in a report published on Friday morning. Jefferies Group LLC currently has $16.00 price objective on the restaurant operator’s stock, up from their previous price objective of $11.01.

Several other analysts also recently weighed in on ZOES. Maxim Group dropped their target price on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a buy rating for the company in a report on Monday, August 14th. Robert W. Baird dropped their target price on shares of Zoe’s Kitchen from $15.00 to $13.00 and set a neutral rating for the company in a report on Monday, August 14th. Telsey Advisory Group raised shares of Zoe’s Kitchen from a market perform rating to an outperform rating and raised their price target for the company from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call. Credit Suisse Group decreased their price target on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating for the company in a research report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Zoe’s Kitchen from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Zoe’s Kitchen presently has an average rating of Hold and a consensus price target of $17.15.

Shares of Zoe’s Kitchen (NYSE:ZOES) traded up $1.49 during midday trading on Friday, hitting $12.50. 2,794,800 shares of the stock were exchanged, compared to its average volume of 542,153. Zoe’s Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $27.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.63 and a quick ratio of 0.54.

Zoe’s Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. The firm had revenue of $77.85 million during the quarter, compared to the consensus estimate of $78.67 million. During the same quarter last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. sell-side analysts expect that Zoe’s Kitchen will post -0.09 EPS for the current fiscal year.

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In other news, Director A Alexander Taylor II acquired 3,100 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $12.87 per share, with a total value of $39,897.00. Following the transaction, the director now owns 7,508 shares in the company, valued at $96,627.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ZOES. American International Group Inc. lifted 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 acquiring an additional 781 shares during the last quarter. FMR LLC purchased a new stake in Zoe’s Kitchen in the first quarter valued at $8,984,000. Teachers Advisors LLC lifted its position in Zoe’s Kitchen by 0.5% in the first quarter. Teachers Advisors LLC now owns 238,409 shares of the restaurant operator’s stock valued at $4,411,000 after acquiring an additional 1,110 shares during the last quarter. California Public Employees Retirement System lifted its position in Zoe’s Kitchen by 193.3% in the first quarter. California Public Employees Retirement System now owns 48,400 shares of the restaurant operator’s stock valued at $986,000 after acquiring an additional 31,900 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Zoe’s Kitchen by 7.0% in the first quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock valued at $14,629,000 after acquiring an additional 51,682 shares during the last quarter.

About Zoe’s Kitchen

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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