Zoe's Kitchen, Inc. (ZOES)

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ZOEShttp://www.nasdaq.com/symbol/zoesConsumer Services2014Restaurants

Latest Zoe's Kitchen, Inc. (ZOES) company news

INVESTOR ALERT: Monteverde & Associates PC Announces An Investigation Of Zoe’s Kitchen, Inc. - ZOES

NEW YORK, NY / ACCESSWIRE / September 20, 2018 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Zoe's Kitchen, Inc. ("Zoe's Kitchen" or the "Company") (NYSE: ZOES) relating to the sale of the Company to CAVA Group, Inc. ("CAVA"). Under the terms of the agreement, Zoe's Kitchen shareholders are only anticipated to receive $12.75 in cash for each share of Zoe's Kitchen common stock held.

Click here for more information: https://monteverdelaw.com/case/zoes-kitchen-inc. It is free and there is no cost or obligation to you.

The investigation focuses on whether Zoe's Kitchenand its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.

If you own common stock in Zoe's Kitchen and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:

Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2018 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE: Monteverde & Associates PC

https://www.accesswire.com/512306/INVESTOR-ALERT-Monteverde-Associates-PC-Announces-An-Investigation-Of-Zoes-Kitchen-Inc-ZOES

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Zoe’s Kitchen, Inc. Buyout

WILMINGTON, Del., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:

  • Do you own shares of Zoe’s Kitchen, Inc. (NYSE: ZOES)? 
  • Did you purchase any of your shares prior to August 17, 2018?
  • Do you think the proposed buyout is fair?
  • Do you want to discuss your rights? 

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Zoe’s Kitchen, Inc. (“Zoe’s” or the “Company”) (NYSE: ZOES) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CAVA Group,  Inc. (“CAVA”).  Under the terms of the agreement, shareholders of Zoe’s will receive $12.75 in cash for each share of Zoe’s common stock.   

If you own common stock of Zoe’s and purchased any shares before August 17, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at [email protected].  

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected]
http://www.rigrodskylong.com

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Zoe's Kitchen, Inc. - ZOES

NEW YORK, Sept. 19, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Zoe's Kitchen, Inc. ("Zoe's Kitchen" or the "Company") (ZOES) relating to the sale of the Company to CAVA Group, Inc. ("CAVA"). Under the terms of the agreement, Zoe's Kitchen shareholders are only anticipated to receive $12.75 in cash for each share of Zoe's Kitchen common stock held.

Monteverde & Associates PC Logo

Click here for more information: https://monteverdelaw.com/case/zoes-kitchen-inc.  It is free and there is no cost or obligation to you.

The investigation focuses on whether Zoe's Kitchen and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.

If you own common stock in Zoe's Kitchen and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2018 Monteverde & Associates PC.  The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

 

Cision

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How the Better Burger Is Killing Zoe's Kitchen

When Zoe's Kitchen debuted as a public company in 2014, all indications were that the small Mediterranean-inspired chain would be a massive success. The fast-casual dining experience was on fire, better-for-you meals were all the rage, and crowds were flocking to Zoe's stores. Fast-forward a few years, and it looks like the final chapter is about to close on Zoe's stock, ending a forgettable run for most investors.

Reasons for the restaurant's struggles have been many, including the general dining industry's overexpansion and Zoe's decision to focus on regional growth in the Southeast instead of full-blown nationwide development. But there could be another reason for the stallout: America likes burgers a lot more than anything else.

The problem with averages

Though declining foot traffic remains a problem, the restaurant industry has seen an uptick this year as new store development has slowed down and consumers have accepted higher menu prices. Two years of average same-store sales declines have reversed and the metric is managing limited gains in 2018.

View photos
A chart showing restaurant industry comparable sales declines starting in the first quarter of 2016 and lasting through third quarter 2017. Comps have been positive, but under 1%, since the fourth quarter 2017.

Chart by author. Data source: TDn2K. 

According to research group TDn2K, fast-casual dining is leading the 2018 rebound. A combination of higher-quality food without sacrificing convenience is still winning over American diners, especially during lunch hours. It would seem like that trend would help Zoe's turn things around, but the exact opposite has happened.

While its peers have begun to thrive once again, Zoe's Kitchen has been near the bottom of the barrel in terms of comparable-store trends -- an important metric because average sales per location help a chain manage average profit margins. While the industry is back in positive territory this year, the Mediterranean cuisine specialist is headed in the wrong direction, posting comps of -2.3% and -2.5% in the first and second quarters, respectively.

View photos
A young woman eating a hamburger, fries, and a shake inside a restaurant.

Image source: Getty Images.

America loves the burger more

The better-burger movement has been one of the leaders in the fast-casual rebound. Hamburgers are a crowded subset of the restaurant scene, with fast-food joints dominating top-10 American dining chain lists in terms of annual sales and number of stores. Yet it would seem the consumer can't get enough; private chains like Five Guys and Whataburger consistently post annual growth, and smaller start-up burger concepts are popping up across the country to capitalize on the craze. Annual hamburger sales are estimated to be over $80 billion.

Some specific insight into the trend can be gleaned from two of Zoe's competitors in the fast-casual space: Shake Shack (NYSE: SHAK) and Habit Restaurants (NASDAQ: HABT). Both better-burger establishments shared industrywide struggles due to aggressive expansion for two years, but things have been trending positively thus far in 2018, leaving Zoe's fresh and healthy fare in the dust.

Restaurant

2017 Comparable Sales

Q1 2018 Comparable Sales

Q2 2018 Comparable Sales

Zoe's Kitchen (NYSE: ZOES)

(2%)

(2.3%)

(2.5%)

Shake Shack (NYSE: SHAK)

(1.2%)

1.7%

1.1%

Habit Restaurants (NASDAQ: HABT)

(0.1%)

(1.4%)

1.2%

Data source: company-specific quarterly earnings.

Comp sales are back on the rise at both chains, in spite of new store openings that continue to put them -- along with myriad other burger joints -- on an eventual collision course. At the end of the second quarter, Shake Shack and Habit domestic restaurant counts increased 31% and 23% year over year, respectively. Shake Shack had 110 U.S. stores at the end of the quarter to Habit's 227. Zoe's, on the other hand, has had to scale back expansion, with only 14% year-over-year growth in the second quarter and plans to scale back even more in the coming years. Zoe's had 258 stores at quarter's end.

With Zoe's getting left behind during a restaurant industry rebound, it would seem that its Mediterranean cuisine is struggling to gain traction with the public. Better-burger peers are doing well and continuing to expand against all odds, indicating that America's love of the hamburger is alive and well. As Zoe's Kitchen is finding out, breaking down cultural barriers can be hard.

More From The Motley Fool

Nicholas Rossolillo and his clients have no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Zoe's Kitchen. The Motley Fool has a disclosure policy.

Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of FCB Financial Holdings, KMG Chemicals, and Zoe’s Kitchen on Behalf of Stockholders and Encourages Investors to Contact the Firm

NEW YORK, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of FCB Financial Holdings, KMG Chemicals, Inc., and Zoe’s Kitchen, Inc.  Additional information about each potential action can be found at the link provided.

FCB Financial Holdings, Inc. (FCB)

Buyer: Synovus Financial Corp.

Pursuant to the proposed transaction, announced on July 24, 2018 and valued at approximately $2.9 billion, FCB stockholders will receive 1.055 shares of Synovus for each share of FCB common stock owned.  Our investigation concerns whether FCB’s board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive agreement with Synovus.

To learn more about the FCB Financial investigation go to: http://bespc.com/fcb/.

KMG Chemicals, Inc. (KMG)

Buyer: Cabot Microelectronics Corporation

Pursuant to the proposed transaction, announced on August 15, 2018 and valued at approximately $1.6 billion, KMG stockholders will receive $55.65 and 0.20 shares of Cabot Microelectronics for each share of KMG common stock owned.  Our investigation concerns whether KMG’s board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive agreement with Cabot Microelectronics.

To learn more about the KMG investigation go to:  https://bespc.com/kmg/.

Zoe’s Kitchen, Inc. (ZOES)

Buyer: Cava Group

Pursuant to the proposed transaction, announced on August 17, 2018 and valued at approximately $300 million, Zoe’s stockholders will receive $12.75 for each share of their Zoe’s common stock.  Our investigation concerns whether Zoe’s board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive agreement with Cava Group.

To learn more about the Zoe’s Kitchen investigation go to: https://bespc.com/zoes/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.

Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 308-1869
[email protected]
www.bespc.com

 

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