Shares of Zoe’s Kitchen Inc (NYSE:ZOES) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.92.

A number of analysts recently issued reports on the company. ValuEngine downgraded Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. William Blair upgraded Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 1st. Maxim Group raised their price target on Zoe’s Kitchen to $12.75 and gave the stock a “hold” rating in a research report on Monday, August 20th. Zacks Investment Research upgraded Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Telsey Advisory Group downgraded Zoe’s Kitchen from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Friday, August 17th.

Large investors have recently added to or reduced their stakes in the company. PEAK6 Investments LLC bought a new stake in shares of Zoe’s Kitchen during the third quarter worth $175,000. Harvest Management LLC bought a new stake in shares of Zoe’s Kitchen during the third quarter worth $221,000. Tower Research Capital LLC TRC lifted its position in shares of Zoe’s Kitchen by 192.6% during the second quarter. Tower Research Capital LLC TRC now owns 18,562 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 12,219 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Zoe’s Kitchen during the second quarter worth $191,000. Finally, Kassirer Asset Management Corp bought a new stake in shares of Zoe’s Kitchen during the third quarter worth $254,000. Institutional investors and hedge funds own 72.82% of the company’s stock.

Shares of ZOES opened at $12.74 on Friday. The firm has a market capitalization of $249.78 million, a P/E ratio of -127.40 and a beta of 0.33. Zoe’s Kitchen has a 52-week low of $8.22 and a 52-week high of $17.65. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.19.

Zoe’s Kitchen (NYSE:ZOES) last issued its quarterly earnings results on Friday, August 17th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.07). The company had revenue of $81.56 million during the quarter, compared to the consensus estimate of $82.77 million. Zoe’s Kitchen had a negative return on equity of 9.52% and a negative net margin of 8.74%. On average, sell-side analysts anticipate that Zoe’s Kitchen will post -0.49 earnings per share for the current fiscal year.

About Zoe’s Kitchen

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

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

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