Noodles & Co Receives a Sell from Piper Jaffray

By Carrie Williams

Piper Jaffray analyst Nicole Miller Regan reiterated a Sell rating on Noodles & Co (NASDAQ: NDLS) on August 10 and set a price target of $4. The company’s shares closed yesterday at $3.75, close to its 52-week high of $7.26.

According to TipRanks.com, Regan is a 4-star analyst with an average return of 4.7% and a 52.5% success rate. Regan covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Popeyes Louisiana Kitchen.

Noodles & Co has an analyst consensus of Hold, with a price target consensus of $4.63.

Based on Noodles & Co’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $113 million and GAAP net loss of $1.82 million. In comparison, last year the company earned revenue of $121 million and had a GAAP net loss of $14.09 million.

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.