Benchmark Co. analyst Todd Brooks maintained a Buy rating on Noodles & Co (NDLS – Research Report) today and set a price target of $3.00. The company’s shares closed last Friday at $2.07.
According to TipRanks, Brooks is a 3-star analyst with an average return of 4.1% and a 43.33% success rate. Brooks covers the Consumer Cyclical sector, focusing on stocks such as Red Robin Gourmet, Noodles & Co, and Wingstop.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Noodles & Co with a $3.50 average price target, a 69.08% upside from current levels. In a report released on May 6, Truist Financial also maintained a Buy rating on the stock with a $4.00 price target.
NDLS market cap is currently $93.13M and has a P/E ratio of -7.25.
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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 sees FY24 revenue $510M-$525M, consensus $518.08M
- Noodles & Company reports Q1 EPS (14c), consensus (17c)
- Noodles & Company says Steak Stroganoff sold out at restaurants nationwide
- NDLS Upcoming Earnings Report: What to Expect?
- Noodles & Company price target lowered to $3 from $4 at Benchmark
