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.
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.
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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.
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