Zoe’s Kitchen, Inc. (ZOES) Upgraded to Buy by 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 research report sent to investors on Friday morning, MarketBeat.com reports. They currently have $16.00 price objective on the restaurant operator’s stock, up from their previous price objective of $11.01. Jefferies Group also issued estimates for Zoe’s Kitchen’s Q1 2018 earnings at $0.01 EPS, Q3 2018 earnings at ($0.01) EPS and Q4 2018 earnings at ($0.12) EPS.
Several other analysts have also recently commented on the stock. Maxim Group reiterated a buy rating and issued a $20.00 price objective on shares of Zoe’s Kitchen in a research note on Thursday, November 2nd. Robert W. Baird reiterated a hold rating and issued a $15.00 price objective on shares of Zoe’s Kitchen in a research note on Tuesday, September 19th. Zacks Investment Research upgraded shares of Zoe’s Kitchen from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Telsey Advisory Group upgraded shares of Zoe’s Kitchen from a market perform rating to an outperform rating and raised their price objective for the company from $15.00 to $17.00 in a research note on Thursday, August 17th. They noted that the move was a valuation call. Finally, Credit Suisse Group reduced their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating for the company in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $17.15.
Shares of Zoe’s Kitchen (NYSE:ZOES) opened at $12.84 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.08. Zoe’s Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $27.41.
Zoe’s Kitchen (NYSE:ZOES) last issued its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share for the quarter. The business had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. analysts forecast that Zoe’s Kitchen will post -0.09 EPS for the current year.
In other Zoe’s Kitchen news, Director A Alexander Taylor II bought 3,100 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the completion of the transaction, the director now owns 7,508 shares in the company, valued at approximately $96,627.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Uniplan Investment Counsel Inc. acquired a new position in shares of Zoe’s Kitchen in the third quarter valued at approximately $2,600,000. Royce & Associates LP raised its position in shares of Zoe’s Kitchen by 100.0% in the third quarter. Royce & Associates LP now owns 30,000 shares of the restaurant operator’s stock valued at $379,000 after buying an additional 15,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Zoe’s Kitchen in the third quarter valued at approximately $506,000. Tocqueville Asset Management L.P. raised its position in shares of Zoe’s Kitchen by 7.7% in the third quarter. Tocqueville Asset Management L.P. now owns 174,450 shares of the restaurant operator’s stock valued at $2,203,000 after buying an additional 12,400 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Zoe’s Kitchen by 1.6% in the third quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock valued at $10,494,000 after buying an additional 13,286 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.
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