ValuEngine Upgrades Zoe's Kitchen (ZOES) to “Hold”

Zoe's Kitchen (NYSE:ZOES) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently weighed in on ZOES. Zacks Investment Research raised Zoe's Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub raised Zoe's Kitchen from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Credit Suisse Group dropped their price objective on Zoe's Kitchen from $13.00 to $12.50 and set an “underperform” rating on the stock in a research report on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price objective on shares of Zoe's Kitchen in a research report on Tuesday, September 19th. Finally, Cowen reaffirmed a “hold” rating and set a $12.00 price objective on shares of Zoe's Kitchen in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Zoe's Kitchen currently has an average rating of “Hold” and an average target price of $17.15.

Zoe's Kitchen (NYSE ZOES) opened at $16.18 on Tuesday. Zoe's Kitchen has a 12-month low of $10.77 and a 12-month high of $27.41. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.09.

Zoe's Kitchen (NYSE:ZOES) last posted its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. Zoe's Kitchen had a negative return on equity of 0.66% and a net margin of 0.12%. The business had revenue of $77.85 million for the quarter, compared to the consensus estimate of $78.67 million. During the same quarter in the prior year, the company earned $0.04 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. sell-side analysts anticipate that Zoe's Kitchen will post -0.1 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of ZOES. Dimensional Fund Advisors LP purchased a new position in shares of Zoe's Kitchen in the first quarter worth about $1,310,000. Schwab Charles Investment Management Inc. raised its stake in shares of Zoe's Kitchen by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 65,991 shares of the restaurant operator’s stock worth $1,221,000 after purchasing an additional 3,591 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Zoe's Kitchen by 19.5% in the second quarter. Engineers Gate Manager LP now owns 64,825 shares of the restaurant operator’s stock worth $772,000 after purchasing an additional 10,595 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Zoe's Kitchen by 141.9% in the second quarter. Parametric Portfolio Associates LLC now owns 27,977 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 16,411 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Zoe's Kitchen by 6.7% in the second quarter. Thrivent Financial For Lutherans now owns 587,160 shares of the restaurant operator’s stock worth $6,993,000 after purchasing an additional 36,690 shares during the last quarter.

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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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