The Brokerages Set Zoe’s Kitchen Inc. (ZOES) PT at $35.97

The Brokerages Set Zoe’s Kitchen Inc. (ZOES) PT at $35.97

Shares of Zoe’s Kitchen Inc. (NYSE:ZOES) have received a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.97.

Several brokerages have recently weighed in on ZOES. Robert W. Baird lowered their price target on shares of Zoe’s Kitchen from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 23rd. Stifel Nicolaus cut shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating and lowered their price target for the company from $52.00 to $40.00 in a research report on Tuesday, July 26th. Deutsche Bank AG set a $34.00 price target on shares of Zoe’s Kitchen and gave the company a “hold” rating in a research report on Tuesday, August 23rd. Zacks Investment Research cut shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Telsey Advisory Group began coverage on shares of Zoe’s Kitchen in a research report on Monday, August 1st. They set a “market perform” rating and a $40.00 price target on the stock.

Zoe’s Kitchen (NYSE:ZOES) opened at 22.12 on Monday. Zoe’s Kitchen has a one year low of $20.20 and a one year high of $41.76. The firm’s 50-day moving average is $24.29 and its 200 day moving average is $33.81. The company has a market capitalization of $430.41 million, a PE ratio of 147.47 and a beta of 0.64.

Zoe’s Kitchen (NYSE:ZOES) last announced its earnings results on Monday, August 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Zoe’s Kitchen had a net margin of 1.14% and a return on equity of 1.33%. The company had revenue of $66.30 million for the quarter. During the same period last year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts expect that Zoe’s Kitchen will post $0.11 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of ZOES. State Board of Administration of Florida Retirement System raised its stake 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 worth $336,000 after buying an additional 3,633 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Zoe’s Kitchen during the second quarter worth about $1,301,000. Columbus Circle Investors raised its stake in shares of Zoe’s Kitchen by 169.0% in the second quarter. Columbus Circle Investors now owns 377,942 shares of the company’s stock worth $13,708,000 after buying an additional 237,426 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Zoe’s Kitchen by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 84,857 shares of the company’s stock worth $3,078,000 after buying an additional 5,444 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of Zoe’s Kitchen by 5.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 5,390 shares of the company’s stock worth $195,000 after buying an additional 288 shares during the period.

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