In a report released on January 2, Jake Bartlett from Truist Financial maintained a Buy rating on Noodles & Co (NDLS – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.96.
According to TipRanks, Bartlett is a top 100 analyst with an average return of 19.7% and a 68.46% success rate. Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, McDonald’s, and Texas Roadhouse.
Currently, the analyst consensus on Noodles & Co is a Moderate Buy with an average price target of $4.67.
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Based on Noodles & Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $127.85 million and a net profit of $700 thousand. In comparison, last year the company earned a revenue of $131.07 million and had a net profit of $1.35 million
Based on the recent corporate insider activity of 56 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 November 2023, Mill Road Capital III, L.P., a Major Shareholder at NDLS bought 17,800.00 shares for a total of $89,000.00.
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 (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?
