Zoe's Kitchen, Inc. (ZOES): Now's Your Chance - Buckingham

Buckingham Research analyst, John Zolidis, reiterated his Buy rating on shares of Zoe's Kitchen (NYSE: ZOES) but cut the price target to $34 from $37. Despite cutting the PT, 3Q16 assumptions are mostly unchanged. The analyst is sticking with a 2% SRS increase and EPS of $0.05. ZOES earned $0.05 on a 4.5% SRS increase last year.

The modest sales and earnings increase reflect the soft consumer environment together with pressure on restaurant level margins due to higher labor. The Street is at $0.04 and SRS of 2.7%. The company has not provided specific guidance for the quarter.

ZOES will report 3Q16 results on Nov. 14 AMC.

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 $22.34 yesterday.

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