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.
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.
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.
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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