Published On: Mon, Sep 12th, 2016

Zoe’s Kitchen Inc. (ZOES) Coverage Initiated by Analysts at Telsey Advisory Group

Analysts at Telsey Advisory Group began coverage on shares of Zoe’s Kitchen Inc. (NYSE:ZOES) in a report issued on Monday. The firm set a “market perform” rating and a $40.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 56.56% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Zoe’s Kitchen from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Stifel Nicolaus downgraded Zoe’s Kitchen from a “buy” rating to a “hold” rating and dropped their price target for the stock from $52.00 to $40.00 in a research report on Tuesday, July 26th. Robert W. Baird reissued an “outperform” rating on shares of Zoe’s Kitchen in a research report on Tuesday, June 28th. Buckingham Research assumed coverage on Zoe’s Kitchen in a research report on Thursday, June 16th. They set a “buy” rating and a $45.00 price target for the company. Finally, Deutsche Bank AG reissued a “hold” rating and set a $37.00 price target (up previously from $35.00) on shares of Zoe’s Kitchen in a research report on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Zoe’s Kitchen currently has an average rating of “Hold” and an average target price of $36.56.
Zoe’s Kitchen (NYSE:ZOES) traded down 3.84% during midday trading on Monday, hitting $25.55. The company had a trading volume of 1,120,640 shares. The stock has a 50 day moving average of $33.00 and a 200 day moving average of $36.21. Zoe’s Kitchen has a 52-week low of $23.17 and a 52-week high of $41.76. The firm has a market cap of $497.15 million, a price-to-earnings ratio of 170.33 and a beta of 0.59.

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Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings data on Monday, August 22nd. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Zoe’s Kitchen had a return on equity of 1.33% and a net margin of 1.14%. The firm earned $66.30 million during the quarter. During the same period in the previous year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts anticipate that Zoe’s Kitchen will post $0.11 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Aviance Capital Management LLC raised its stake in shares of Zoe’s Kitchen by 21.5% in the second quarter. Aviance Capital Management LLC now owns 19,687 shares of the company’s stock valued at $714,000 after buying an additional 3,485 shares in the last quarter. Harvest Capital Strategies LLC raised its stake in shares of Zoe’s Kitchen by 69.8% in the first quarter. Harvest Capital Strategies LLC now owns 120,000 shares of the company’s stock valued at $4,679,000 after buying an additional 49,344 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Zoe’s Kitchen by 35.6% in the first quarter. Legal & General Group Plc now owns 2,825 shares of the company’s stock valued at $112,000 after buying an additional 742 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zoe’s Kitchen by 1.1% in the first quarter. Geode Capital Management LLC now owns 124,144 shares of the company’s stock valued at $4,840,000 after buying an additional 1,377 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Zoe’s Kitchen by 3.6% in the first quarter. UBS Group AG now owns 139,562 shares of the company’s stock valued at $5,442,000 after buying an additional 4,912 shares in the last quarter.
About Zoe’s Kitchen
Zoe’s Kitchen, Inc is a fast-casual restaurant concept serving a distinct menu of Mediterranean-inspired dishes delivered with Southern hospitality. The Company has approximately 170 restaurants across over 20 states, including approximately three franchised locations. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients that are predominantly preservative and additive-free, including its appetizers, soups, salads and kabobs.

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