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.

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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.

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

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