Telsey Advisory Group Initiates Coverage on Zoe's Kitchen Inc to Market Perform

Telsey Advisory Group Initiates Coverage on Zoe's Kitchen Inc(NYSE:ZOES). The shares have been rated Market Perform. The rating by Telsey Advisory Group was issued on Aug 1, 2016.

In a different note, On Jul 26, 2016, Stifel Nicolaus said it Downgrades its rating on Zoe's Kitchen Inc. The shares have been rated ‘Hold’ by the firm.

Zoe's Kitchen Inc (ZOES) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -0.20% at a volume of 94,254. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.91. The peak price level was also seen at $35.91 while the days lowest was $35.43. Finally the shares closed at $35.47. The 52-week high of the shares is $43.37 while the 52-week low is $23.17. According to the latest information available, the market cap of the company is $689 M.

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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