Why Zoe's Kitchen Inc Stock Popped Today

Shares of Zoe's Kitchen Inc (NYSE: ZOES) were surging today after the company reported third-quarter earnings. Though the results were essentially in line with analyst estimates, the stock jumped on what may have been a relief rally as shares had fallen by more than 50% this year before today. The stock also got an upgrade to buy from Jefferies.

The stock was up 14.4% as of 11:30 a.m. EST.

Image source: Zoe's Kitchen.

Source: Fool.com