Analysts Set Zoe's Kitchen Inc (ZOES) Target Price at $14.58

Zoe's Kitchen Inc (NYSE:ZOES) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.58.

Several equities analysts have weighed in on the company. ValuEngine lowered Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and set a $20.00 price objective on shares of Zoe's Kitchen in a report on Friday, December 22nd. Telsey Advisory Group lowered Zoe's Kitchen from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research lowered Zoe's Kitchen from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th.

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In related news, major shareholder Misada Capital Flagship Fund L purchased 360,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $15.06 per share, with a total value of $5,421,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Zoe's Kitchen in the fourth quarter worth $154,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Zoe's Kitchen by 53.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,400 shares of the restaurant operator’s stock worth $195,000 after buying an additional 5,350 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Zoe's Kitchen by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the restaurant operator’s stock worth $196,000 after buying an additional 1,118 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Zoe's Kitchen by 95.6% in the third quarter. Cubist Systematic Strategies LLC now owns 20,877 shares of the restaurant operator’s stock worth $264,000 after buying an additional 10,202 shares in the last quarter. Finally, Sicart Associates LLC purchased a new stake in shares of Zoe's Kitchen in the fourth quarter worth $276,000. 97.09% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ZOES opened at $14.64 on Wednesday. Zoe's Kitchen has a 1-year low of $10.77 and a 1-year high of $18.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.41 and a current ratio of 0.51.

Zoe's Kitchen (NYSE:ZOES) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported ($0.12) earnings per share for the quarter, meeting the 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 business had revenue of $71.38 million during the quarter, compared to analyst estimates of $71.64 million. During the same period in the prior year, the company earned ($0.07) earnings per share. Zoe's Kitchen’s revenue was up 15.2% compared to the same quarter last year. analysts expect that Zoe's Kitchen will post -0.13 EPS for the current fiscal year.

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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.

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

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