Stifel Nicolaus Downgrades Zoe's Kitchen Inc to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Zoe's Kitchen Inc(NYSE:ZOES). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

Zoe's Kitchen Inc (ZOES) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.05 points. Due to strong positive momentum, the stock ended at $35.54, which is also near the day’s high of $35.83. The stock began the session at $35.62 and the volume stood at 2,04,069 shares. The 52-week high of the shares is $45.4 and the 52 week low is $23.17. The company has a current market capitalization of $690 M and it has 1,94,22,170 shares in outstanding.

Zoe's Kitchen Inc(ZOES) last announced its earnings results on May 31, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $80.41M. Analysts had an estimated revenue of $78.88M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Jeremy Hartley (Chief Operating Officer) sold 36,000 shares at $37.69 per share price.Also, 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.

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