Zoe’s Kitchen Inc (NYSE:ZOES) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.55.
Several research analysts have recently issued reports on the stock. William Blair upgraded shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 1st. ValuEngine upgraded shares of Zoe’s Kitchen from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Maxim Group dropped their price objective on shares of Zoe’s Kitchen from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Monday, August 13th. Finally, Telsey Advisory Group dropped their price objective on shares of Zoe’s Kitchen from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, June 12th.
Shares of NYSE:ZOES traded down $0.01 on Friday, hitting $13.40. 13,964 shares of the company were exchanged, compared to its average volume of 1,344,436. Zoe’s Kitchen has a one year low of $8.22 and a one year high of $17.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.47 and a current ratio of 0.60. The company has a market cap of $268.58 million, a price-to-earnings ratio of -134.10 and a beta of 0.36.
Institutional investors have recently modified their holdings of the company. OLD National Bancorp IN acquired a new stake in shares of Zoe’s Kitchen during the 2nd quarter valued at about $207,000. Wrapmanager Inc. acquired a new position in Zoe’s Kitchen in the second quarter valued at about $195,000. Spark Investment Management LLC acquired a new position in Zoe’s Kitchen in the second quarter valued at about $1,142,000. Trexquant Investment LP boosted its position in Zoe’s Kitchen by 31.1% in the first quarter. Trexquant Investment LP now owns 16,880 shares of the restaurant operator’s stock valued at $244,000 after buying an additional 4,004 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Zoe’s Kitchen in the first quarter valued at about $510,000. Institutional investors and hedge funds own 83.57% of the company’s stock.
About Zoe’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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