$72.02 Million in Sales Expected for Zoe's Kitchen Inc (ZOES) This Quarter

Wall Street brokerages expect that Zoe's Kitchen Inc (NYSE:ZOES) will announce sales of $72.02 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Zoe's Kitchen’s earnings. The lowest sales estimate is $71.30 million and the highest is $72.98 million. Zoe's Kitchen posted sales of $61.98 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Zoe's Kitchen will report full-year sales of $72.02 million for the current financial year, with estimates ranging from $314.10 million to $317.10 million. For the next fiscal year, analysts expect that the company will post sales of $365.32 million per share, with estimates ranging from $358.40 million to $376.36 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last issued its earnings results on Thursday, November 9th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $77.85 million for the quarter, compared to analysts’ expectations of $78.67 million. Zoe's Kitchen had a net margin of 0.12% and a negative return on equity of 0.66%. Zoe's Kitchen’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS.

A number of equities research analysts have recently issued reports on ZOES shares. Jefferies Group raised shares of Zoe's Kitchen from a “hold” rating to a “buy” rating and upped their target price for the company from $11.01 to $16.00 in a report on Friday, November 10th. Maxim Group reiterated a “buy” rating and issued a $20.00 price target on shares of Zoe's Kitchen in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and issued a $15.00 price target on shares of Zoe's Kitchen in a research note on Tuesday, September 19th. ValuEngine upgraded shares of Zoe's Kitchen from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Zoe's Kitchen from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.28.

A number of institutional investors and hedge funds have recently made changes to their positions in ZOES. Bamco Inc. NY grew its position in shares of Zoe's Kitchen by 26.5% during the 2nd quarter. Bamco Inc. NY now owns 1,200,000 shares of the restaurant operator’s stock worth $14,292,000 after purchasing an additional 251,431 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of Zoe's Kitchen by 1.6% during the 3rd quarter. Peregrine Capital Management LLC now owns 830,859 shares of the restaurant operator’s stock worth $10,494,000 after purchasing an additional 13,286 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Zoe's Kitchen by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 790,783 shares of the restaurant operator’s stock worth $14,629,000 after purchasing an additional 51,682 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Zoe's Kitchen by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 734,530 shares of the restaurant operator’s stock worth $8,748,000 after purchasing an additional 2,493 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Zoe's Kitchen by 692.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 613,448 shares of the restaurant operator’s stock worth $7,306,000 after purchasing an additional 536,063 shares in the last quarter.

Shares of Zoe's Kitchen (NYSE ZOES) traded down $0.02 during mid-day trading on Friday, hitting $17.19. 230,039 shares of the stock were exchanged, compared to its average volume of 539,692. 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 has a 12 month low of $10.77 and a 12 month high of $25.92.

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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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