Shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.35.

Several research analysts recently weighed in on the company. Maxim Group decreased their target price on Zoe’s Kitchen from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Robert W. Baird decreased their target price 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 decreased their target price 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. Cowen and Company decreased their target price on Zoe’s Kitchen from $19.00 to $14.00 and set a “market perform” rating for the company in a research note on Tuesday, May 30th. Finally, Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd.

Shares of Zoe’s Kitchen (ZOES) traded up 2.57% during midday trading on Friday, hitting $13.19. 726,872 shares of the company’s stock traded hands. The stock’s market cap is $257.67 million. The company has a 50 day moving average of $12.34 and a 200 day moving average of $14.75. Zoe’s Kitchen has a 52 week low of $10.77 and a 52 week high of $27.41.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Thursday, August 17th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Zoe’s Kitchen had a negative return on equity of 0.27% and a negative net margin of 0.07%. The company had revenue of $74.30 million during the quarter, compared to analysts’ expectations of $75.11 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that Zoe’s Kitchen will post ($0.09) EPS for the current fiscal year.

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In related news, Director A Alexander Taylor II bought 3,100 shares of Zoe’s Kitchen stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $12.87 per share, with a total value of $39,897.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at approximately $96,627.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Zoe’s Kitchen by 0.7% during the second quarter. Rhumbline Advisers now owns 21,143 shares of the restaurant operator’s stock valued at $252,000 after purchasing an additional 155 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Zoe’s Kitchen by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 66,390 shares of the restaurant operator’s stock valued at $791,000 after purchasing an additional 399 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Zoe’s Kitchen by 0.8% during the second quarter. Macquarie Group Ltd. now owns 65,640 shares of the restaurant operator’s stock valued at $782,000 after purchasing an additional 499 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Zoe’s Kitchen by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the restaurant operator’s stock valued at $851,000 after purchasing an additional 618 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Zoe’s Kitchen by 7.1% during the first quarter. American International Group Inc. now owns 11,765 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 781 shares during the last quarter.

Zoe’s Kitchen Company Profile

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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