Zacks: Analysts Anticipate Zoe's Kitchen Inc (ZOES) Will Post Earnings of $0.01 Per Share

Brokerages predict that Zoe's Kitchen Inc (NYSE:ZOES) will announce earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Zoe's Kitchen’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.02). Zoe's Kitchen posted earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 83.3%. The business is expected to announce its next quarterly earnings results on Tuesday, May 30th.

On average, analysts expect that Zoe's Kitchen will report full-year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.09. For the next fiscal year, analysts anticipate that the company will post earnings of $0.11 per share, with EPS estimates ranging from $0.04 to $0.16. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Zoe's Kitchen.

Zoe's Kitchen (NYSE:ZOES) last posted its earnings results on Thursday, February 23rd. The restaurant operator reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $62 million for the quarter, compared to the consensus estimate of $62.75 million. Zoe's Kitchen had a net margin of 1.83% and a return on equity of 1.14%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company posted ($0.03) earnings per share.

Several analysts have recently weighed in on ZOES shares. Piper Jaffray Companies dropped their price objective on shares of Zoe's Kitchen from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, March 23rd. Robert W. Baird reaffirmed an “outperform” rating on shares of Zoe's Kitchen in a report on Thursday, February 16th. Buckingham Research dropped their price objective on shares of Zoe's Kitchen from $34.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 24th. Maxim Group dropped their price objective on shares of Zoe's Kitchen from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 price objective on shares of Zoe's Kitchen in a report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Zoe's Kitchen has an average rating of “Hold” and a consensus target price of $29.22.

Zoe's Kitchen (NYSE:ZOES) traded up 2.19% during trading on Monday, hitting $17.76. The stock had a trading volume of 410,679 shares. Zoe's Kitchen has a 52 week low of $16.39 and a 52 week high of $40.60. The stock has a 50-day moving average price of $17.28 and a 200-day moving average price of $21.60. The company has a market cap of $345.98 million, a PE ratio of 197.33 and a beta of 0.62.

Hedge funds have recently added to or reduced their stakes in the stock. Brown Capital Management LLC bought a new stake in Zoe's Kitchen during the fourth quarter valued at approximately $77,362,000. Peregrine Capital Management LLC bought a new stake in Zoe's Kitchen during the third quarter valued at approximately $14,201,000. Bamco Inc. NY boosted its stake in Zoe's Kitchen by 20,180.0% in the third quarter. Bamco Inc. NY now owns 507,000 shares of the restaurant operator’s stock valued at $11,250,000 after buying an additional 504,500 shares during the period. Numeric Investors LLC boosted its stake in Zoe's Kitchen by 505.3% in the fourth quarter. Numeric Investors LLC now owns 79,900 shares of the restaurant operator’s stock valued at $1,917,000 after buying an additional 66,700 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in Zoe's Kitchen by 29.9% in the third quarter. King Luther Capital Management Corp now owns 232,774 shares of the restaurant operator’s stock valued at $5,165,000 after buying an additional 53,645 shares during the period.

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About Zoe's Kitchen

Zoe’s Kitchen, Inc develops and operates fast-casual restaurants serving a menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. The Company’s menu offers meals made from scratch using produce, proteins and other ingredients, including its appetizers, soups, salads and kabobs.

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