Zoe’s Kitchen, Inc. (NYSE:ZOES)‘s stock had its “buy” rating reaffirmed by equities researchers at Maxim Group in a report issued on Thursday. They currently have a $20.00 price target on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 62.87% from the company’s previous close.

The analysts wrote, “We reiterate our Buy rating and $20 price target on Zoe’s Kitchen (ZOES) ahead of the release of 3Q17 (September) results on Thursday, November 9. We lower our 3Q17 EPS estimate to $0.01, from $0.02, as we reduce our quarterly comp forecast to +0.8% (from +1.5%) to account for closures related to Hurricanes Harvey and Irma. We maintain our 2018 EPS estimate of $0.12 on a mix of positive comps and improved margins.””

A number of other research analysts also recently issued reports on ZOES. Robert W. Baird cut their price objective on Zoe’s Kitchen from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, August 14th. Credit Suisse Group dropped their price target on 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. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Telsey Advisory Group upgraded Zoe’s Kitchen from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $15.00 to $17.00 in a research note on Thursday, August 17th. They noted that the move was a valuation call. Finally, Deutsche Bank AG restated a “hold” rating and issued a $13.00 price target (down from $15.00) on shares of Zoe’s Kitchen in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.55.

Zoe’s Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $74.30 million during the quarter, compared to the consensus estimate of $75.11 million. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS.

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In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $12.87 per share, for a total transaction of $39,897.00. Following the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at approximately $96,627.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY raised its holdings in shares of 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 worth $14,292,000 after acquiring an additional 251,431 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Zoe’s Kitchen by 1.6% during the 3rd quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock worth $10,494,000 after acquiring an additional 13,286 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Zoe’s Kitchen by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock worth $14,629,000 after acquiring an additional 51,682 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Zoe’s Kitchen by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 734,530 shares of the restaurant operator’s stock worth $8,748,000 after acquiring an additional 2,493 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Zoe’s Kitchen during the 2nd quarter worth approximately $7,728,000.

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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