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.

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

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