Over a dozen fast casual restaurants have gone public since 2012 – including Zoe’s Kitchen, Fogo de Chão, Bojangles, El Pollo Loco and Dave & Buster’s Inc. – and investors are gobbling up their shares. Burger chain operators Shake Shack Inc. and Habit Restaurants Inc. more than doubled their IPO prices on the first day of trading1. Why are restaurant IPOs so hot? And what lessons
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