Streetbeat News

NDLS

Noodles & Company

https://www.noodles.com

Industry

Restaurants

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.

Open

0.86

Mkt cap

38M

Volume

200K

High

0.86

P/E Ratio

-1.17

52-wk high

3.50

Low

0.80

Div yield

N/A

52-wk low

0.80

Noodles & Company's stock price increased following the announcement of their Q1 adjusted EPS results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:15 pm

Noodles & Company has reaffirmed its total revenue guidance for 2024, projecting revenues to be in the range of $510 million to $525 million. This projection is in line with the estimated revenue of $518.08 million by analysts.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:45 pm

Noodles & Co. (NDLS) reported Q1 2024 adjusted EPS of $(0.13), surpassing the $(0.17) estimate, but its sales of $121.395M slightly missed the $121.410M forecast. This represents a 160% increase in losses and a 3.71% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:48 pm

Benchmark analyst Todd Brooks maintains a Buy rating on Noodles & Co. (NDLS) but lowers the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:18 am

The article highlights the top 3 oversold stocks in the consumer staples sector, identified by their low RSI values, indicating potential undervaluation. Noodles & Company (NDLS), The Children's Place, Inc. (PLCE), and Under Armour, Inc. (UAA) are mentioned as having RSI values near or below 30, suggesting they may be poised for a rebound. NDLS faced a 30% stock decline after weak Q4 results, PLCE received a significant financing tranche but saw a 48% stock decline, and UAA was downgraded by Evercore ISI Group, leading to an 18% stock decline.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:12 pm

In Monday's after-market session, several consumer discretionary stocks showed notable movements. Cato and GreenTree Hospitality Group reported their Q4 and FY earnings, respectively, leading to an increase in their stock prices. Other stocks such as SunCar Tech Gr, Noodles, and Purple Innovation also saw gains. Conversely, companies like Linkage Global, Cazoo Gr, and Barnes & Noble Education experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 9:32 pm

Benchmark analyst Todd Brooks maintains a Buy rating on Noodles & Company (NDLS) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:10 pm

Truist Securities analyst Jake Bartlett has maintained a Buy rating on Noodles & Co. (NDLS) but lowered the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:58 pm

Noodles & Company forecasts its FY24 total revenue to be between $510M and $525M, with an estimated comparable restaurant sales growth of flat to +3%. This projection falls short of the estimated $531.664M.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:40 pm

Noodles & Company (NASDAQ:NDLS) has appointed Drew Madsen as its permanent CEO effective March 6, 2024. Madsen, with extensive experience in the restaurant industry, including roles at Panera Bread and Darden Restaurants, aims to drive traffic growth and create long-term shareholder value through strategic priorities and operational excellence.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:33 pm

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