Why All The Hate On Zoe's Kitchen?
- Zoe's Kitchen trades back to support near $30 as the stock attracts a lot of shorts and a lethal downgrade.
- The stock trades at a compelling valuation to the growth rate compared to a peer group.
- The investment thesis in Zoe's Kitchen is only enhanced by the lack of a compelling reason for the negative thesis on the stock.
Suddenly the fast-growing concept of Zoe's Kitchen (NYSE:ZOES) isn't seeing any love. Short interest is soaring and a negative analyst call sent the stock down to recent lows.
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Disclosure: Long ZOES. Please review the disclaimer page for more details.
Update: Stock provided an incredible buying opportunity hitting a low of $25.86 on Friday.