Stephens analyst Joshua Long reiterated a Buy rating on Noodles & Co (NDLS – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $4.86.
According to TipRanks, Long is a 5-star analyst with an average return of 20.2% and a 68.63% success rate. Long covers the Services sector, focusing on stocks such as Domino’s Pizza, Papa John’s International, and Restaurant Brands International.
Noodles & Co has an analyst consensus of Strong Buy, with a price target consensus of $8.75, an 80.04% upside from current levels. In a report released today, Truist Financial also maintained a Buy rating on the stock with a $8.00 price target.
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Based on Noodles & Co’s latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $147.61 million and a net profit of $975 thousand. In comparison, last year the company earned a revenue of $114.8 million and had a GAAP net loss of $4.74 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NDLS in relation to earlier this year. Last month, Mill Road Capital III, L.P., a Major Shareholder at NDLS bought 98,700.00 shares for a total of $72,750.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Noodles & Co. develops and operates fast-casual restaurants which offers lunch and dinner meals. It serves cooked-to-order dishes, which include noodles and pasta, soups, salads, sandwiches, and appetizers. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.
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