Jefferies Sees Well-Positioned Brand Driving Strong Topline For Zoe's Kitchen

In a report published Thursday, Jefferies analyst Andy Barish reiterated a Hold rating and $30.00 price target on Zoe's Kitchen Inc. (NYSE: ZOES).

In the report, Jefferies noted, "$(0.03) EPS beat on better than expected SSS of 7.8% as traffic was up 3.9% & check benefited from strong catering growth (+11% in '14). SSS into 1Q appear solid (weather similar Y/Y) and sees 4-6% SSS in '15. The rest of guidance is generally inline, except G&A, which is a bit higher. We like ZOES' growth opportunity, but remain on the sidelines given valuation. Our '15/16 EBITDA to $17.4/22.1mm (was $17.3/21.5mm)."

Zoe's Kitchen closed on Wednesday at $32.70.