Zoe’s Kitchen begins trading

Zoe’s Kitchen begins trading

Fast-casual operator is first restaurant industry IPO of the year

Shares of Zoe’s Kitchen Inc. rose nearly 64.8 percent Friday as the fast-casual operator became the restaurant industry’s first initial public offering of 2014.

Plano, Texas-based Zoe’s priced its offering at $15 each for 5.8 million shares. It closed at $24.72 at 4 p.m. EDT. Share volume was 5.6 million for the day, with the stock trading in a range of $23.73 and $26.14.

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