Why Zoe's Kitchen, Inc. Stock Popped Today

Why Zoe's Kitchen, Inc. Stock Popped Today

Shares of Zoe's Kitchen Inc. (NYSE: ZOES) were up 9.2% as of 3:30 p.m. EDT Thursday after an analyst upgraded shares of the Mediterranean-themed fast-casual restaurant chain ahead of its second-quarter 2017 report.

More specifically -- and keeping in mind that Zoe's is poised to release formal quarterly results after the market close today -- Telsey Advisor Group upgraded Zoe's stock from market perform to outperform. Today's jump also follows a similar positive move yesterday, which came despite no company-specific news.

IMAGE SOURCE: ZOE'S KITCHEN

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Source: Fool.com