In a report released today, Todd Brooks from Benchmark Co. reiterated a Buy rating on Noodles & Co (NDLS – Research Report), with a price target of $5.00. The company’s shares closed last Friday at $2.62.
According to TipRanks, Brooks is an analyst with an average return of -1.4% and a 32.56% success rate. Brooks covers the Consumer Cyclical sector, focusing on stocks such as Red Robin Gourmet, Potbelly, and BJ’s Restaurants.
Noodles & Co has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.
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The company has a one-year high of $6.55 and a one-year low of $1.96. Currently, Noodles & Co has an average volume of 530.3K.
Based on the recent corporate insider activity of 57 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 1,900.00 shares for a total of $9,500.00.
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Noodles & Co (NDLS) Company Description:
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 CEO Boennighausen to depart, Madsen appointed interim CEO
- Noodles & Company price target lowered to $4 from $5 at Stephens
- Noodles & Company reports Q3 EPS ,4c consensus (1c)
- Noodles & Company Announces Third Quarter 2023 Financial Results
- NDLS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
