Published On: Thu, Sep 8th, 2016

Zoe’s Kitchen Inc. (ZOES) Given Outperform Rating at Robert W. Baird

Zoe’s Kitchen Inc. (NYSE:ZOES)‘s stock had its “outperform” rating reiterated by Robert W. Baird in a research note issued on Thursday.
Several other equities analysts have also recently issued reports on ZOES. Stifel Nicolaus cut Zoe’s Kitchen from a “buy” rating to a “hold” rating and lowered their price objective for the company from $52.00 to $40.00 in a research report on Tuesday, July 26th. Buckingham Research started coverage on Zoe’s Kitchen in a report on Thursday, June 16th. They set a “buy” rating and a $45.00 price target on the stock. Deutsche Bank AG set a $34.00 price target on Zoe’s Kitchen and gave the company a “hold” rating in a report on Tuesday, August 23rd. Zacks Investment Research cut Zoe’s Kitchen from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, TheStreet cut Zoe’s Kitchen from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Zoe’s Kitchen has a consensus rating of “Hold” and a consensus price target of $36.56.
Zoe’s Kitchen (NYSE:ZOES) traded down 0.29% on Thursday, hitting $27.10. The stock had a trading volume of 73,532 shares. Zoe’s Kitchen has a 1-year low of $23.17 and a 1-year high of $41.76. The stock has a 50 day moving average price of $33.60 and a 200 day moving average price of $36.30. The company has a market cap of $527.31 million and a P/E ratio of 180.67.

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Zoe’s Kitchen (NYSE:ZOES) last posted its quarterly earnings results on Monday, August 22nd. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company earned $66.30 million during the quarter. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, equities research analysts expect that Zoe’s Kitchen will post $0.11 EPS for the current fiscal year.
Other large investors have modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in shares of Zoe’s Kitchen by 40.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 173,000 shares of the company’s stock worth $6,275,000 after buying an additional 49,800 shares during the last quarter. 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 worth $714,000 after buying an additional 3,485 shares during 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 worth $4,679,000 after buying an additional 49,344 shares during 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 worth $112,000 after buying an additional 742 shares during the last quarter. Finally, 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 worth $4,840,000 after buying an additional 1,377 shares during the last quarter.
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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