Zoe’s Kitchen, Inc. (ZOES) Receives $17.55 Average Target Price from Analysts
Zoe’s Kitchen, Inc. (NYSE:ZOES) has received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.55.
ZOES has been the subject of several research reports. Maxim Group decreased their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Robert W. Baird reissued a “hold” rating and issued a $15.00 target price on shares of Zoe’s Kitchen in a research report on Tuesday, September 19th. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG reissued a “hold” rating and issued a $13.00 target price (down previously from $15.00) on shares of Zoe’s Kitchen in a research report on Monday, July 10th. Finally, Telsey Advisory Group raised Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $15.00 to $17.00 in a research report on Thursday, August 17th. They noted that the move was a valuation call.
In related news, Director A Alexander Taylor II acquired 3,100 shares of Zoe’s Kitchen stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $12.87 per share, with a total value of $39,897.00. Following the transaction, the director now directly owns 7,508 shares in the company, valued at $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ZOES. Ballentine Partners LLC purchased a new stake in Zoe’s Kitchen during the 2nd quarter valued at $7,728,000. Bank of New York Mellon Corp boosted its stake in Zoe’s Kitchen by 692.7% during 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 purchasing an additional 536,063 shares during the last quarter. FMR LLC purchased a new stake in Zoe’s Kitchen during the 1st quarter valued at $8,984,000. Thrivent Financial For Lutherans boosted its stake in Zoe’s Kitchen by 122.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 550,470 shares of the restaurant operator’s stock valued at $10,184,000 after purchasing an additional 303,000 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in Zoe’s Kitchen by 26.5% during the 2nd quarter. Bamco Inc. NY now owns 1,200,000 shares of the restaurant operator’s stock valued at $14,292,000 after purchasing an additional 251,431 shares during the last quarter.
Shares of Zoe’s Kitchen (NYSE:ZOES) traded up 0.60% during midday trading on Wednesday, reaching $11.80. The company’s stock had a trading volume of 62,508 shares. Zoe’s Kitchen has a 12-month low of $10.77 and a 12-month high of $27.41. The company’s 50-day moving average price is $12.73 and its 200 day moving average price is $14.04. The company’s market capitalization is $230.51 million.
Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The business had revenue of $74.30 million during the quarter, compared to analysts’ expectations of $75.11 million. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Zoe’s Kitchen will post ($0.09) earnings per share for the current year.
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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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