Noodles & Company (NDLS) a big move last session, as the company’s shares fell about 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NDLS, as the stock is now down nearly 17% in the past one-month time frame.
The company, which operates in the fast-casual restaurant sector, has seen a mixed track record when it comes to current year 1 downward estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
NDLS currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Ignite Restaurant Group, Inc. (IRG), The Wendy's Company (WEN) and Arcos Dorados Holdings Inc. Cla (ARCO). While Ignite Restaurant and Wendy's Company carry a Zacks Rank #1 (Strong Buy), Arcos Dorados holds a Zacks Rank #2 (Buy).
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NOODLES & CO CL A (NDLS): Free Stock Analysis Report
IGNITE RESTAURANT GROUP INC (IRG): Free Stock Analysis Report
WENDY'S CO (WEN): Free Stock Analysis Report
ARCOS DORADOS HOLDINGS INC (ARCO): Free Stock Analysis Report
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