Zoe's Kitchen Inc (ZOES) was Initiated by Telsey Advisory Group to “Market Perform” and the brokerage firm has set the Price Target at $40. Telsey Advisory Group advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on Zoe's Kitchen Inc. Zoe's Kitchen Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016. Buckingham Research Initiated Zoe's Kitchen Inc on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $45.
On the company’s financial health, Zoe's Kitchen Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.04. The company had revenue of $80.41 million for the quarter, compared to analysts expectations of $78.89 million. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Zoe's Kitchen Inc opened for trading at $35.62 and hit $35.83 on the upside on Friday, eventually ending the session at $35.54, with a gain of 0.14% or 0.05 points. The heightened volatility saw the trading volume jump to 2,04,069 shares. Company has a market cap of $690 M.
In a different news, on Jun 10, 2016, Jeremy Hartley (Chief Operating Officer) sold 36,000 shares at $37.69 per share price. According to the SEC, on Jun 7, 2016, Greg Dollarhyde (director) sold 30,000 shares at $37.40 per share price. On Apr 4, 2016, Kevin Miles (Director, President and CEO) sold 15,000 shares at $39.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Zoe’s Kitchen Inc. (Zoes) primarily develops and operates fast-casual restaurants serving a range of Mediterranean dishes. As of December 29 2014 the Company had 129 Company-owned restaurants and three franchise restaurants in 15 states across the United States. 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. Its restaurant size averages approximately 2750 square feet. The Company’s food including both hot and cold items is used for catering in a range of business and social occasions. The Company offers social catering solutions designed for its customers’ life events including Zoes Party Packs which are bundled catering packages for birthday parties baby and bridal showers sporting and outdoor events girls night out and family gatherings.