Zoe's Kitchen Inc (NYSE:ZOES) – Investment analysts at William Blair dropped their Q2 2018 EPS estimates for Zoe's Kitchen in a research note issued to investors on Friday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.04.
Zoe's Kitchen (NYSE:ZOES) last released its earnings results on Thursday, February 22nd. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Zoe's Kitchen had a negative return on equity of 1.46% and a negative net margin of 0.63%. The firm had revenue of $71.38 million for the quarter, compared to analyst estimates of $71.64 million. During the same quarter last year, the firm posted ($0.07) EPS. The company’s revenue was up 15.2% on a year-over-year basis.
Shares of Zoe's Kitchen (NYSE:ZOES) opened at $14.78 on Monday. Zoe's Kitchen has a fifty-two week low of $10.77 and a fifty-two week high of $21.73. The firm has a market capitalization of $289.02, a P/E ratio of -67.18 and a beta of 0.33. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.09.
Hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC acquired a new stake in Zoe's Kitchen in the 2nd quarter valued at $127,000. Virtu KCG Holdings LLC acquired a new stake in Zoe's Kitchen in the 2nd quarter valued at $130,000. MetLife Investment Advisors LLC acquired a new stake in Zoe's Kitchen in the 4th quarter valued at $154,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Zoe's Kitchen by 53.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock valued at $195,000 after buying an additional 5,350 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Zoe's Kitchen by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock valued at $196,000 after buying an additional 1,118 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors and hedge funds.
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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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