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.

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

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