Zoes Kitchen (ZOES) : 4 brokerage houses believe that Zoes Kitchen (ZOES) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Zoes Kitchen (ZOES). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.
Zoes Kitchen (ZOES) : Currently there are 8 street experts covering Zoes Kitchen (ZOES) stock. The most bullish and bearish price target for the stock is $40 and $31 respectively for the short term. The average price target of all the analysts comes to $35.63. The estimated standard deviation from the target is $3.25.
Also, Equity Analysts at the Brokerage Firm, Baird, maintains their rating on the shares of Zoes Kitchen (NYSE:ZOES). Baird has a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $40 per share from a prior target of $44. The rating by the firm was issued on August 23, 2016.
Zoes Kitchen (NYSE:ZOES): The stock opened in the green at $25.16 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $25.255 and a low of $24.19 for the day. The stock did not find buyers even at the lows and closed at $24.36 recording a loss of -2.87%. 693,820 shares exchanged hands during the trading day. The stock had closed at $25.08 in the previous days trading.
Zoes 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 Companys 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 2,750 square feet. The Companys 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.