Shares of Zoe’s Kitchen (ZOES) are down almost 40% since the stock hit a two-year high last summer. Nevertheless, the restaurant chain’s expansion plans will help it regain momentum, said Scott Rothbort, Seton Hall Finance professor and president of Lakeview Asset Management. ‘It’s a lot like Chipotle Mexican Grill (CMG) without some of the problems Chipotle has had and also it’s much earlier on in terms of its growth trajectory,’ said Rothbort. Rothbort added that the fresh Mediterranean food purveyor is making serious inroads into metropolitan areas around the Northeast, and despite the recent volatility, it’s the type of stock to ‘lock up’ for the long term.
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