Maxim Group Initiates Coverage on Noodles & Co (NASDAQ:NDLS)
Investment analysts at Maxim Group initiated coverage on shares of Noodles & Co (NASDAQ:NDLS) in a report issued on Friday, The Fly reports. The firm set a “buy” rating and a $12.00 price target on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 39.53% from the stock’s previous close.
A number of other research firms have also recently commented on NDLS. TheStreet raised Noodles & Co from a “d+” rating to a “c-” rating in a report on Wednesday, January 15th. ValuEngine cut Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Zacks Investment Research cut Noodles & Co from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price objective on shares of Noodles & Co in a report on Friday, November 22nd. Finally, BidaskClub raised Noodles & Co from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $10.44.
NASDAQ NDLS opened at $8.60 on Friday. The stock’s 50 day moving average is $6.70 and its 200 day moving average is $6.04. The company has a current ratio of 0.39, a quick ratio of 0.19 and a debt-to-equity ratio of 5.31. Noodles & Co has a 12 month low of $4.45 and a 12 month high of $9.04. The stock has a market cap of $357.17 million, a PE ratio of 143.33, a P/E/G ratio of 3.08 and a beta of 0.18.
About Noodles & Co
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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