Zoe's Kitchen (ZOES) PT Lowered to $14 at Cowen Following 1Q Report

May 26, 2017 10:23 AM EDT
Get Alerts ZOES Hot Sheet
Price: $12.76 --0%

Rating Summary:
    1 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 9 | New: 26
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Cowen lowered its price target on Zoe's Kitchen (NYSE: ZOES) to $14.00 (from $19.00) while maintaining a Market Perform rating. Zoes reported 1Q17 adjusted EPS of $0.01, in line with the consensus estimate. Comps of -3.3% trailed the Consensus Metrix of -2%.

2017 comp guidance was significantly lowered from 1-2% to a wide range of flat to -3%, as 1Q traffic trends were described as continuing into 2Q despite easier compares.

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