Jefferies Issues a Hold Rating on Noodles & Co

By Ryan Adsit

In a report released yesterday, Andy Barish from Jefferies reiterated a Hold rating on Noodles & Co (NASDAQ: NDLS), with a price target of $5.50. The company’s shares closed yesterday at $5.85.

According to TipRanks.com, Barish is a 5-star analyst with an average return of 8.7% and a 58.0% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Papa John’s International, and Popeyes Louisiana Kitchen.

Noodles & Co has an analyst consensus of Hold, with a price target consensus of $4.83.

Based on the recent corporate insider activity of 14 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.

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. engages in the restaurant industry, which offers lunch and dinner meals. It serves a variety of 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.