Zoe’s Kitchen Gets a Buy Rating from Maxim Group

By Jason Carr

In a report released today, Stephen Anderson from Maxim Group reiterated a Buy rating on Zoe’s Kitchen (NYSE: ZOES), with a price target of $28. The company’s shares closed yesterday at $16.65, close to its 52-week low of $16.37.

Anderson commented:

“We maintain our Buy rating and $28 price target on Zoe’s Kitchen (ZOES) ahead of the release of 1Q17 (March) earnings on Thursday, May 25.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.8% and a 66.7% success rate. Anderson covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Brinker International, and Buffalo Wild Wings.

Zoe’s Kitchen has an analyst consensus of Hold, with a price target consensus of $21.40.

The company has a one year high of $39.45 and a one year low of $16.37. Currently, Zoe’s Kitchen has an average volume of 465.6K.

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Zoe’s Kitchen, Inc. develops and operates restaurants. Its menu includes starters, sandwiches, salads, drinks, desserts and Mediterranean family meals. The company was founded by Zoë and Marcus Cassimus in 1995 and is headquartered in Plano, TX.