Zoe's Kitchen IPO to Open either April 10, 2014 or April 11, 2014 - @Stockstobuy -
Zoe's Kitchen, a fast casual restaurant chain, will IPO this week on the NYSE under the ticker symbol ZOES. Zoe's Kitchen (ZOES) IPO should be red hot because it's a fast casual restaurant but beware of it opening to high. If the ZOES IPO prices above it's expected range of $11-$13 and opens up really high, avoid it. The stock will eventually sell off and you will get a better entry point, especially around the lock up expiration period in October 2014.
Zoës Kitchen is a fast growing, fast casual restaurant concept serving a distinct menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. Right now Zoe's Kitchen has around 111 restaurant locations including six franchise locations. While revenues grew to $116.4 million in 2013, net losses grew to $3.9 million. This is something you will need to watch because you can buy a profitable and growing Noodles & Company (NDLS) which already went through the lock up expiration for $36 per share.
Zoe's Kitchen (ZOES) expanded their restaurant base from 21 restaurants in seven states in 2008 to 111 restaurants in 15 states as of February 24, 2014. They opened 27 restaurants in 2013, and they plan to open 28 to 30 restaurants in 2014. The company believes they are in the early stages of our growth story and estimate a long-term total restaurant potential in the United States in excess of 1,600 locations vs 2,500 locations for Noodles & Company (NDLS)
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Tim
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