Cowen and Company restated their hold rating on shares of Zoe’s Kitchen, Inc. (NYSE:ZOES) in a report released on Friday morning. Cowen and Company currently has a $12.00 price objective on the restaurant operator’s stock.

ZOES has been the subject of a number of other reports. Zacks Investment Research cut shares of Zoe’s Kitchen from a hold rating to a sell rating in a research note on Thursday, October 19th. Maxim Group reaffirmed a buy rating and set a $20.00 price target on shares of Zoe’s Kitchen in a research note on Thursday, November 2nd. Robert W. Baird dropped their price target on shares of 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. Telsey Advisory Group raised shares of Zoe’s Kitchen from a market perform rating to an outperform rating and lifted 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, Credit Suisse Group dropped their price target 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 given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $17.15.

Shares of Zoe’s Kitchen (ZOES) traded up $1.49 during trading hours on Friday, hitting $12.50. 2,794,800 shares of the company’s stock were exchanged, compared to its average volume of 542,153. Zoe’s Kitchen has a 1-year low of $10.77 and a 1-year high of $27.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.63 and a quick ratio of 0.54.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 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 previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. research analysts expect that Zoe’s Kitchen will post -0.09 EPS for the current fiscal year.

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In other Zoe’s Kitchen news, Director A Alexander Taylor II purchased 3,100 shares of Zoe’s Kitchen stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $12.87 per share, for a total transaction of $39,897.00. Following the acquisition, the director now owns 7,508 shares in the company, valued at approximately $96,627.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Airain ltd bought a new stake in shares of Zoe’s Kitchen in the 2nd quarter valued at about $126,000. Voya Investment Management LLC bought a new position in shares of Zoe’s Kitchen during the 2nd quarter worth approximately $127,000. Virtu KCG Holdings LLC bought a new position in shares of Zoe’s Kitchen during the 2nd quarter worth approximately $130,000. DF Dent & Co. Inc. raised its stake in shares of Zoe’s Kitchen by 12.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 13,978 shares of the restaurant operator’s stock worth $166,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Royce & Associates LP bought a new position in shares of Zoe’s Kitchen during the 2nd quarter worth approximately $179,000.

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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