An investigation on behalf of investors, who currently hold shares of Zoes Kitchen, Inc. (NYSE: ZOES), was announced concerning whether the takeover of Zoes Kitchen, Inc. is unfair to NYSE: ZOES stockholders.

The investigation by a law firm concerns whether certain officers and directors of Zoes Kitchen, Inc. breached their fiduciary duties owed to NYSE: ZOES investors in connection with the proposed acquisition.

On August 17, 2018, Zoe's Kitchen, Inc. (NYSE: ZOES) ) announced that it has entered into an agreement to be acquired in a transaction by privately held Cava Group, Inc..
Under the terms of the agreement, Zoe's Kitchen, Inc. (NYSE: ZOES) shareholders will receive $12.75 in cash for each share of common stock they hold.

However, given that at least one analyst has set the high target price for NYSE: ZOES shares at $13.00 per share, the investigation concerns whether the offer is unfair to NYSE: ZOES stockholders. More specifically, the investigation concerns whether the Zoes Kitchen Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Zoe's Kitchen, Inc. reported that its annual Total Revenue rose from $275.96 million in 2016 to $314.1 million in 2017. Shares of Zoe's Kitchen, Inc. (NYSE: ZOES) reached as high as $45.40 per share in july 2015.