Jefferies analyst Andy Barish reiterated a Hold rating on Noodles & Co (NASDAQ: NDLS) on July 12 and set a price target of $11. The company’s shares closed yesterday at $12.15, close to its 52-week high of $13.30.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 5.7% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Cheesecake Factory, and Domino’s Pizza.
Noodles & Co has an analyst consensus of Moderate Buy, with a price target consensus of $9.38.
Based on Noodles & Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $3.58 million. In comparison, last year the company had a GAAP net loss of $1.82 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.
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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.