Noodles & Co Stock Rating Upgraded by Zacks (NDLS)

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Noodles & Co (NASDAQ:NDLS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Thursday. The firm currently has a $31.60 price objective on the stock. Zacks‘s target price indicates a potential downside of 0.09% from the company’s current price.

A number of other firms have also recently commented on NDLS. Analysts at Jefferies Group reiterated a “hold” rating on shares of Noodles & Co in a research note on Wednesday, April 30th. They now have a $35.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Noodles & Co in a research note on Wednesday, April 30th. They now have a $35.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Noodles & Co from $43.00 to $39.00 in a research note on Wednesday, April 30th. They now have a “sector perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.95.

Noodles & Co (NASDAQ:NDLS) opened at 31.63 on Thursday. Noodles & Co has a 1-year low of $30.28 and a 1-year high of $51.97. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $37.66. The company has a market cap of $939.1 million and a P/E ratio of 128.58.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $92.17 million. During the same quarter last year, the company posted $0.04 earnings per share. Noodles & Co’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Noodles & Co will post $0.49 EPS for the current fiscal year.

Noodles & Company is a casual restaurant concept offering lunch and dinner. The Company offers noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors globally under one roof from Pad Thai to Mac & Cheese.

To view Zacks’ full report, visit Zacks’ official website.

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