Zoe’s Kitchen (NYSE:ZOES) Rating Maintained
Equity analysts at Maxim Group have $48 target price on Zoe’s Kitchen (NYSE:ZOES). Maxim Group’s target price suggests a potential upside of 39.05% from the company’s last close price. The rating was revealed to clients and investors in analysts note on 22 October.
Out of 2 analysts covering Zoe’s Kitchen (NYSE:ZOES), 1 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $50 is the highest target while $35 is the lowest. The $41.33 average target is 19.73% above today’s ($34.52) stock price. Zoe’s Kitchen was the topic in 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Maxim Group maintained the stock on October 22 with “Buy” rating. William Blair maintained the shares of ZOES in a report on August 30 with “Buy” rating. Finally, Zacks downgraded the stock to “Buy” rating in an August 6 report.
The stock decreased 4.32% or $1.56 on October 21, hitting $34.52. Zoe’s Kitchen Inc (NYSE:ZOES) has risen 4.70% since March 19, 2015 and is uptrending. It has outperformed by 8.07% the S&P500.
Analysts await Zoe’s Kitchen Inc (NYSE:ZOES) to reports earnings on November, 19. They expect $0.03 EPS, down 25.00% or $0.01 from last year’s $0.04 per share. ZOES’s profit will be $607,622 for 287.67 P/E if the $0.03 EPS becomes reality. After $0.05 actual EPS reported by Zoe’s Kitchen Inc for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.
The institutional sentiment increased to 1.55 in Q2 2015. Its up 0.02, from 1.53 in 2015Q1. The ratio improved, as 16 funds sold all Zoe’s Kitchen Inc shares owned while 33 reduced positions. 21 funds bought stakes while 55 increased positions. They now own 22.13 million shares or 13.90% more from 19.43 million shares in 2015Q1.
Concourse Capital Management Llc holds 5.49% of its portfolio in Zoe’s Kitchen Inc for 271,625 shares. Miura Global Management Llc owns 960,000 shares or 2.49% of their US portfolio. Moreover, Lomas Capital Management Llc has 1.57% invested in the company for 230,000 shares. The Wisconsin-based Timpani Capital Management Llc has invested 1.39% in the stock. Lyon Street Capital Llc, a California-based fund reported 41,672 shares.
Since March 20, 2015, the stock had 0 insider purchases, and 6 insider sales for $1.72 million net activity. Hartley Jeremy sold 12,666 shares worth $435,710. Miles Kevin sold 10,000 shares worth $420,000. Besch James sold 2,000 shares worth $79,000. Morgan Jason sold 2,500 shares worth $80,000.
Zoe’s Kitchen, Inc. primarily develops and operates fast-casual restaurants serving a range of Mediterranean dishes. The company has a market cap of $699.17 million. As of December 29, 2014, the Company had 129 Company-owned restaurants and three franchise restaurants in 15 states across the United States. It currently has negative earnings. The Company’s menu offers meals made generally from scratch using produce, proteins and other ingredients that are preservative- and additive-free, including its appetizers, soups, salads and kabobs.
Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas.
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