The share price of the company (NYSE:ZOES) was up +1.09%, with a high of 37.70 during the day and the volume of Zoe’s Kitchen, Inc. shares traded was 1635730.
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More than 4.9 million of the company’s shares traded so far today, higher than its 30-day average of about 289,000 shares. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zoe’s Kitchen, Inc. with MarketBeat.com’s FREE daily email newsletter.
Comparable restaurant sales increased 4.0%. They now have a Dollars 35 price target on the stock.
Restaurant contribution increased 23.7% to $14.3 million, or 21.7% of restaurant sales. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. “Zoe’s Kitchen, Inc.is based in Plano, Texas”.
The quarter saw the company book just over $66 million in revenue, a almost 22% improvement over the same period of fiscal 2015. Comparable restaurant sales raised 4.0% during the twelve weeks ended July 11, 2016, consisting of a 0.9% increase in transactions and product mix, combined with a 3.1% increase in price. The company’s revenue was up 21.7% compared to the same quarter previous year. The increase in labor was driven mainly by hourly wage rate inflation and higher employee benefits costs.
Restaurant contribution margin between 20.5% and 20.8%, versus 20.5% and 21%. My stop loss would be $0.25 from my entry position fearing anything more than that and the stock would start to fill in the gap down.
What: Shares of Zoe’s Kitchen, Inc. The stock’s price moved up its 200-day moving average of $20.27. JPMorgan Chase & Co. now owns 982,064 shares of the company’s stock valued at $38,290,000 after buying an additional 348,750 shares during the period. Today, you can download 7 Best Stocks for the Next 30 Days. Analyst’s mean target price for Twitter Inc (NYSE:TWTR) is $16.79 while analysts mean recommendation is 3.00.
02/26/2016 – Zoe’s Kitchen, Inc. had its “underperform” rating reiterated by analysts at Credit Suisse. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 1.89%. Its weekly performance is 1.33% while year to date (YTD) performance is 33.13%. Robert W. Baird reaffirmed an “outperform” rating on shares of Zoe’s Kitchen in a report on Tuesday, June 28th. Telsey Advisory Group lowered their target price on Zoe’s Kitchen from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Tuesday. Its weekly and monthly volatility is 2.52%, 2.45% respectively. It has a 348.8 P/E ratio.
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On the books, Zoe’s cash and cash equivalents totaled $14.4 million at the end of the quarter, versus $19.1 million at the end of 2015. Zoe’s Kitchen Inc (NYSE:ZOES)’s quick ratio for most recent quarter is 1.10 along with current ratio for most recent quarter of 1.20. For the reporting quarter, equity analysts expect the stock to deliver $0.06 in earnings per share (EPS). The long-term investment thesis for Zoe’s Kitchen, however, remains unchanged.
