$83.23 Million in Sales Expected for Zoe’s Kitchen Inc (ZOES) This Quarter

Share on StockTwits

Equities analysts expect Zoe’s Kitchen Inc (NYSE:ZOES) to report sales of $83.23 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Zoe’s Kitchen’s earnings. The highest sales estimate is $83.59 million and the lowest is $82.70 million. Zoe’s Kitchen posted sales of $74.31 million in the same quarter last year, which indicates a positive year over year growth rate of 12%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 16th.

On average, analysts expect that Zoe’s Kitchen will report full-year sales of $348.76 million for the current year, with estimates ranging from $347.70 million to $349.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $357.15 million per share, with estimates ranging from $354.30 million to $359.64 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Zoe’s Kitchen.

Zoe’s Kitchen (NYSE:ZOES) last released its quarterly earnings results on Thursday, May 24th. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.11). Zoe’s Kitchen had a negative return on equity of 3.61% and a negative net margin of 1.73%. The company had revenue of $102.10 million for the quarter, compared to analyst estimates of $104.75 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. William Blair downgraded shares of Zoe’s Kitchen from an “outperform” rating to a “market perform” rating in a research report on Friday, May 25th. Maxim Group downgraded shares of Zoe’s Kitchen from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $12.00 in a research report on Friday, May 25th. Piper Jaffray Companies downgraded shares of Zoe’s Kitchen from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $11.00 to $7.00 in a research report on Friday, May 25th. Finally, Telsey Advisory Group reduced their price target on shares of Zoe’s Kitchen from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, June 12th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Zoe’s Kitchen has a consensus rating of “Hold” and a consensus price target of $12.31.

Shares of Zoe’s Kitchen traded up $0.25, hitting $9.76, during mid-day trading on Wednesday, according to MarketBeat. 661,913 shares of the company were exchanged, compared to its average volume of 698,138. Zoe’s Kitchen has a 1-year low of $8.59 and a 1-year high of $17.65. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market cap of $186.43 million, a PE ratio of -97.60 and a beta of 0.16.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Zoe’s Kitchen by 13.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 79,173 shares of the restaurant operator’s stock worth $1,324,000 after buying an additional 9,110 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Zoe’s Kitchen during the 4th quarter worth approximately $475,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Zoe’s Kitchen during the 4th quarter worth approximately $1,720,000. Renaissance Technologies LLC increased its holdings in shares of Zoe’s Kitchen by 350.2% during the 4th quarter. Renaissance Technologies LLC now owns 285,400 shares of the restaurant operator’s stock worth $4,772,000 after buying an additional 222,000 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Zoe’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 worth $15,439,000 after buying an additional 748,950 shares during the last quarter. Institutional investors own 96.43% of the company’s stock.

Zoe’s Kitchen Company Profile

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.

Get a free copy of the Zacks research report on Zoe’s Kitchen (ZOES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply