Zoe's Kitchen (ZOES) Numbers Cut at Jefferies Despite Better Than Feared Results

November 15, 2016 7:07 AM EST
Get Alerts ZOES Hot Sheet
Price: $21.24 -3.01%

Rating Summary:
    4 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
Trade ZOES Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Jefferies analyst Andy Barish lowered estimates and his price target on Hold-rated Zoe's Kitchen (NYSE: ZOES) to $26.00 (from $33.00) saying while results were better than feared, the environment is not getting any easier.

Barish commented, "EPS in line with Street and above our low-end est., while SSS was slightly below expectations, but better than feared with '16 guide lowered to only 4%-4.5% from 4.5%-5% given Hurricane Matthew. Unit growth remains strong with slightly higher expectations for '16 and +20% for '17, but the environment remains challenging and RLMs will compress further in the near term with higher investments and slower SSS."

The firm cut FY 2016 EPS from $0.12 to $0.04.

For an analyst ratings summary and ratings history on Zoe's Kitchen click here. For more ratings news on Zoe's Kitchen click here.

Shares of Zoe's Kitchen closed at $23.94 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment