Zoe’s Kitchen’s (ZOES) “Hold” Rating Reaffirmed at Cowen and Company
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.
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