Cosi, Inc. is a national premium convenience restaurant chain that offers a menu built around a secret, generations-old recipe for crackly crust flatbread. This artisan bread is freshly baked in front of customers all day long in open flame stone hearth ovens. The warm, urbane atmosphere is designed to attract its sophisticated, upscale, urban and suburban guests.
Currently, there are 101 Company-owned and 51 franchise restaurants operating in eighteen states, the District of Columbia and the United Arab Emirates. Cosi’s goal is to become America’s favorite premium convenience restaurant by providing authentic, innovative, savory food while remaining an affordable luxury.
In November the company announced that its Board of Directors has formed a special committee of independent directors to form strategic plans to enhance shareholder value. It is also mentionable that Beneficial Owner Jonathan Gallen recently bought approximately $110,000 worth of stock. No plans for increasing shareholder value have been announced to date, but it appears the investment community anticipates an announcement soon with the stock price rising over 100% in the last three weeks.
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