Truist Financial analyst Jake Bartlett maintained a Buy rating on Noodles & Co (NDLS – Research Report) on August 9. The company’s shares closed last Friday at $3.21.
Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Shake Shack, and Wingstop. According to TipRanks, Bartlett has an average return of 19.3% and a 62.98% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Noodles & Co with a $6.00 average price target, an 86.92% upside from current levels. In a report released on August 11, Benchmark Co. also maintained a Buy rating on the stock with a $5.00 price target.
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NDLS market cap is currently $149M and has a P/E ratio of -55.92.
Based on the recent corporate insider activity of 49 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. Most recently, in May 2023, Mill Road Capital III, L.P., a Major Shareholder at NDLS bought 500.00 shares for a total of $3,750.00.
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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.
Read More on NDLS:
- Noodles & Company reports Q2 EPS (2c), consensus 5c
- Noodles & Company Announces Second Quarter 2023 Financial Results
- Noodles & Company (NDLS) Q2 Earnings Cheat Sheet
- Noodles & Company to Announce Second Quarter 2023 Results on August 9, 2023
- Noodles & Company price target lowered to $6 from $8 at Benchmark
