Today: Today, Maxim Group Reaffirms Buy Rating for Zoe’s Kitchen Inc. (ZOES)

Today, Maxim Group Reaffirms Buy Rating for Zoe’s Kitchen Inc. (ZOES)

Zoe’s Kitchen Inc. (NYSE:ZOES)‘s stock had its “buy” rating reiterated by equities research analysts at Maxim Group in a note issued to investors on Monday. They presently have a $36.00 price objective on the stock, down from their previous price objective of $40.00. Maxim Group’s price target suggests a potential upside of 40.08% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Stifel Nicolaus cut Zoe’s Kitchen from a “buy” rating to a “hold” rating and cut their price objective for the company from $52.00 to $40.00 in a research report on Tuesday, July 26th. Telsey Advisory Group lowered their target price on Zoe’s Kitchen from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 23rd. Piper Jaffray Cos. reiterated a “neutral” rating and set a $31.00 target price (down previously from $35.00) on shares of Zoe’s Kitchen in a research note on Tuesday, August 23rd. Finally, Deutsche Bank AG set a $34.00 target price on Zoe’s Kitchen and gave the stock a “hold” rating in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Zoe’s Kitchen currently has an average rating of “Hold” and an average target price of $35.15.

Zoe’s Kitchen (NYSE:ZOES) traded up 0.39% during trading on Monday, hitting $25.70. The company had a trading volume of 240,607 shares. The company has a market capitalization of $500.12 million, a price-to-earnings ratio of 104.05 and a beta of 0.61. The stock has a 50-day moving average of $22.69 and a 200 day moving average of $30.59. Zoe’s Kitchen has a one year low of $20.20 and a one year high of $41.76.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings data on Monday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. Zoe’s Kitchen had a return on equity of 1.14% and a net margin of 1.83%. The company earned $67.30 million during the quarter, compared to analysts’ expectations of $68.07 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Equities analysts forecast that Zoe’s Kitchen will post $0.11 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. raised its position in shares of Zoe’s Kitchen by 139.9% in the second quarter. First Mercantile Trust Co. now owns 8,100 shares of the company’s stock valued at $294,000 after buying an additional 4,724 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Zoe’s Kitchen by 2.9% in the second quarter. Vanguard Group Inc. now owns 690,469 shares of the company’s stock valued at $25,044,000 after buying an additional 19,242 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Zoe’s Kitchen by 1.7% in the second quarter. Nationwide Fund Advisors now owns 12,723 shares of the company’s stock valued at $461,000 after buying an additional 216 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Zoe’s Kitchen by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 1,096,188 shares of the company’s stock valued at $39,759,000 after buying an additional 114,124 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Zoe’s Kitchen by 64.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 9,256 shares of the company’s stock valued at $336,000 after buying an additional 3,633 shares during the last quarter.

Zoe’s Kitchen Company Profile

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