Zoe’s Kitchen’s (ZOES) “Neutral” Rating Reaffirmed at Robert W. Baird
Robert W. Baird reiterated their neutral rating on shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) in a report issued on Friday morning. The firm currently has a $13.00 target price on the restaurant operator’s stock.
ZOES has been the topic of a number of other reports. Zacks Investment Research raised shares of Zoe’s Kitchen from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Maxim Group reduced their price objective on shares of Zoe’s Kitchen from $24.00 to $20.00 and set a buy rating on the stock in a research note on Monday, August 14th. Telsey Advisory Group raised shares of Zoe’s Kitchen from a market perform rating to an outperform rating and upped 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. Credit Suisse Group reduced their price objective on shares of Zoe’s Kitchen from $13.00 to $12.50 and set an underperform rating on the stock in a research note on Friday, August 18th. Finally, Jefferies Group LLC raised shares of Zoe’s Kitchen from a hold rating to a buy rating and upped their price objective for the company from $11.01 to $16.00 in a research note on Friday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Zoe’s Kitchen presently has an average rating of Hold and a consensus price target of $17.15.
Shares of Zoe’s Kitchen (ZOES) traded up $1.49 during midday trading on Friday, reaching $12.50. 2,794,800 shares of the company’s stock traded hands, compared to its average volume of 542,153. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.08. Zoe’s Kitchen has a 1 year low of $10.77 and a 1 year high of $27.41.
Zoe’s Kitchen (NYSE:ZOES) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. Zoe’s Kitchen had a net margin of 0.12% and a negative return on equity of 0.67%. The firm had revenue of $77.85 million during the quarter, compared to analysts’ expectations of $78.67 million. During the same period in the prior year, the company posted $0.04 EPS. The company’s revenue was up 15.7% on a year-over-year basis. research analysts expect that Zoe’s Kitchen will post -0.09 earnings per share for the current year.
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In related news, Director A Alexander Taylor II bought 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $12.87 per share, with a total value of $39,897.00. Following the completion of the purchase, the director now directly owns 7,508 shares in the company, valued at $96,627.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in Zoe’s Kitchen during the third quarter worth $506,000. Tocqueville Asset Management L.P. lifted its stake 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 in the last quarter. Peregrine Capital Management LLC lifted its stake 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 in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Zoe’s Kitchen by 6.0% in the second quarter. Public Employees Retirement System of Ohio now owns 37,930 shares of the restaurant operator’s stock valued at $452,000 after buying an additional 2,162 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Zoe’s Kitchen in the second quarter valued at $235,000.
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.
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