Zoe’s Kitchen (ZOES) Downgraded to Hold at ValuEngine

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Zoe’s Kitchen (NYSE:ZOES) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other equities analysts also recently issued research reports about the company. William Blair upgraded Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 1st. Jefferies Financial Group downgraded Zoe’s Kitchen from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Maxim Group downgraded Zoe’s Kitchen from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $12.00 in a report on Friday, May 25th. Telsey Advisory Group lowered their price target on Zoe’s Kitchen from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, June 12th. Finally, Piper Jaffray Companies downgraded Zoe’s Kitchen from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $7.00 in a report on Friday, May 25th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Zoe’s Kitchen presently has a consensus rating of “Hold” and a consensus price target of $12.46.

Shares of ZOES opened at $13.31 on Thursday. The company has a market cap of $268.58 million, a P/E ratio of -133.10 and a beta of 0.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.47 and a current ratio of 0.60. Zoe’s Kitchen has a twelve month low of $8.22 and a twelve month high of $17.65.

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Zoe’s Kitchen during the second quarter valued at approximately $191,000. Tower Research Capital LLC TRC grew its holdings in Zoe’s Kitchen by 192.6% during the second quarter. Tower Research Capital LLC TRC now owns 18,562 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 12,219 shares during the last quarter. Bank of America Corp DE grew its holdings in Zoe’s Kitchen by 257.8% during the second quarter. Bank of America Corp DE now owns 402,778 shares of the restaurant operator’s stock valued at $3,930,000 after purchasing an additional 290,211 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in Zoe’s Kitchen by 53.4% during the second quarter. Tocqueville Asset Management L.P. now owns 436,954 shares of the restaurant operator’s stock valued at $4,265,000 after purchasing an additional 152,154 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Zoe’s Kitchen by 2.5% during the second quarter. BlackRock Inc. now owns 1,226,178 shares of the restaurant operator’s stock valued at $11,967,000 after purchasing an additional 29,872 shares during the last quarter. Institutional investors own 83.57% 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.

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

Analyst Recommendations for Zoe`s Kitchen (NYSE:ZOES)

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