ValuEngine Lowers Zo�s Kitchen (ZOES) to Sell

ValuEngine lowered shares of Zo�s Kitchen (NYSE:ZOES) from a hold rating to a sell rating in a research note issued to investors on Monday, April 2nd.

Several other analysts have also weighed in on ZOES. Jefferies Group restated a buy rating and issued a $20.00 target price on shares of Zo�s Kitchen in a research note on Friday, December 22nd. Zacks Investment Research downgraded Zo�s Kitchen from a hold rating to a sell rating in a research note on Wednesday, February 28th. Finally, Telsey Advisory Group downgraded Zo�s Kitchen from an outperform rating to a market perform rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Zo�s Kitchen currently has an average rating of Hold and a consensus price target of $14.93.

How to Become a New Pot Stock Millionaire

NYSE:ZOES traded up $0.23 during mid-day trading on Monday, hitting $14.03. The company had a trading volume of 245,516 shares, compared to its average volume of 363,846. Zo�s Kitchen has a 1 year low of $10.77 and a 1 year high of $18.77. The firm has a market capitalization of $269.14, a PE ratio of -138.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.51 and a quick ratio of 0.41.

Zo�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 Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $71.38 million during the quarter, compared to analyst estimates of $71.64 million. Zo�s Kitchen had a negative return on equity of 1.46% and a negative net margin of 0.63%. Zo�s Kitchen’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. equities analysts anticipate that Zo�s Kitchen will post -0.13 EPS for the current year.

In related news, major shareholder Misada Capital Flagship Fund L purchased 360,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $15.06 per share, with a total value of $5,421,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

A number of large investors have recently made changes to their positions in ZOES. Tocqueville Asset Management L.P. grew its holdings in shares of Zo�s Kitchen by 429.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 923,400 shares of the restaurant operator’s stock valued at $15,439,000 after acquiring an additional 748,950 shares in the last quarter. Legion Partners Asset Management LLC purchased a new position in shares of Zo�s Kitchen during the 3rd quarter valued at $7,075,000. Two Sigma Investments LP purchased a new position in shares of Zo�s Kitchen during the 4th quarter valued at $4,391,000. Renaissance Technologies LLC grew its holdings in shares of Zo�s Kitchen by 350.2% during the 4th quarter. Renaissance Technologies LLC now owns 285,400 shares of the restaurant operator’s stock valued at $4,772,000 after acquiring an additional 222,000 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of Zo�s Kitchen by 239.0% during the 4th quarter. Wasatch Advisors Inc. now owns 304,669 shares of the restaurant operator’s stock valued at $5,094,000 after acquiring an additional 214,809 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “ValuEngine Lowers Zo�s Kitchen (ZOES) to Sell” was originally published by Macon Daily and is owned by of Macon Daily. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://macondaily.com/2018/04/17/zoes-kitchen-zoes-stock-rating-lowered-by-valuengine-updated-updated.html.

About Zo�s Kitchen

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zo�s Kitchen (NYSE:ZOES)

Receive News & Ratings for Zo�s Kitchen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zo�s Kitchen and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply