Noodles & Company develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 29, 2020, the company operated 378 company-owned and 76 franchised restaurants in 29 states, and the District of Columbia. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.
IPO Year: 2013
Exchange: NASDAQ
Website: noodles.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/12/2024 | $5.00 → $4.00 | Buy | The Benchmark Company |
| 8/11/2023 | $6.00 → $5.00 | Buy | The Benchmark Company |
| 7/5/2023 | $8.00 → $6.00 | Buy | The Benchmark Company |
| 5/19/2023 | $7.00 → $5.00 | Overweight → Equal-Weight | Stephens |
| 9/23/2022 | $7.00 | Overweight | Stephens |
| 3/18/2022 | $10.00 → $7.00 | Overweight → Neutral | Piper Sandler |
| 2/24/2022 | $16.00 → $12.00 | Overweight | Stephens & Co. |
| 11/12/2021 | $15.00 | Buy | Benchmark |
| 11/12/2021 | $15.00 | Buy | The Benchmark Company |
| 10/6/2021 | $18.00 | Overweight | Stephens & Co. |
After nearly 30 years of perfecting the art of noodles, Noodles & Company embarks on a new chapter with a dedicated Mac & Cheese menu, craveable new dishes, reimagined favorites, and elevated ingredients BROOMFIELD, Colo., March 12, 2025 /PRNewswire/ -- No one knows noodles like Noodles & Company (NASDAQ:NDLS) and now, the fast-casual restaurant is marking a new beginning with its reinvented menu. Starting today, guests can visit Noodles locations nationwide to experience vibrant new flavors, inspired ingredients, and fresh takes on the classic dishes they love, with two-thirds of the menu new or improved.
BROOMFIELD, Colo., March 10, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) (the "Company") today announced that its Board of Directors (the "Board") granted an equity award to Joe Christina as an equity inducement award outside of the Company's 2023 Stock Incentive Plan and material to Mr. Christina's acceptance of employment with the company. The equity award was approved by the Board, in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with Mr. Christina's appointment as President and Chief Operating Officer, the Company granted Mr. Christina an award of 160,000 time-based RSUs. One-fourth of the RSUs will vest on each anniversary of Mr. Christina's start date, s
BROOMFIELD, Colo., March 06, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, and provided a 2025 business outlook. Key highlights for the fourth quarter of 2024 compared to the fourth quarter of 2023 include: Total revenue decreased 2.0% to $121.8 million from $124.3 million.Comparable restaurant sales increased 0.8% system-wide, including a 0.5% increase for company-owned restaurants and a 1.9% increase for franchise restaurants.Net loss was $9.7 million, or $0.21 loss per diluted share, compared to net loss of $6.1 million, or $0.14 loss per diluted share.Operating margin was (6.0
BROOMFIELD, Colo., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced the appointment of Joe Christina as its President and Chief Operating Officer. A seasoned restaurant executive with more than three decades of leadership experience, Christina will oversee operations and human resources and help further elevate the Noodles & Company experience for both guests and team members. "Joe is a highly accomplished leader with deep operational expertise and a proven track record of driving growth and innovation in the restaurant industry," said Drew Madsen, Chief Executive Officer at Noodles & Company. "His experience as both a CEO and operations leader makes him u
BROOMFIELD, Colo., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, March 6, 2025 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with fourth quarter and full year 2024 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 201-389-0920. A replay will be available after the call and can be accessed by dialing 412-317-6671; the passcode is 13750888. The replay will be available
Flavor-Packed Favorite Returns at Noodles, Delivering Nostalgic Comfort and Craveable Flavor For a Limited Time BROOMFIELD, Colo., Jan. 15, 2025 /PRNewswire/ -- Steak Stroganoff is once again Steak StroganON! Noodles & Company (NASDAQ:NDLS), the fast-casual chain known for delivering Uncommon Goodness, is kicking off the New Year with flavor, announcing the highly anticipated return of Steak Stroganoff. Beginning today for a limited time, guests can enjoy Steak Stroganoff at all Noodles locations nationwide, in restaurants, or by placing an order through the Noodles mobile app or third-party delivery.
BROOMFIELD, Colo., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today released preliminary, unaudited sales results for the fourth fiscal quarter ended December 31, 2024. Preliminary Fourth Quarter of 2024 Sales Results Compared to the Fourth Quarter of 20231: Fourth quarter system-wide comparable sales increased 0.8%, comprised of a 0.5% increase at company-owned restaurants and a 1.9% increase at franchise restaurants.Fourth quarter company-owned average unit volumes were flat versus prior year at $1.3 million.Fourth quarter company-owned digital sales increased 5.6%. _____________________1 These sales results are preliminary and unaudited, have not been reviewed
Experience Craveable Moments this Season with Weekly Limited-Edition Crispy Drops, Available All Month Long BROOMFIELD, Colo., Dec. 2, 2024 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS), the fast-casual brand known for delivering Uncommon Goodness, is serving up holiday cheer with the return of its fan-favorite Holiday CrispiDays celebration. Starting today, guests can enjoy a new limited-edition Holiday Crispy flavor each week, adding a festive twist to its renowned classic treat. These exclusive flavors will drop every Monday throughout the month, spreading joy one Crispy at a time.
BROOMFIELD, Colo., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) (the "Company") today announced that its Board of Directors (the "Board") granted an equity award to Steve Kennedy as an equity inducement award outside of the Company's 2023 Stock Incentive Plan and material to Mr. Kennedy's acceptance of employment with the company. The equity award was approved by the Board, in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with Mr. Kennedy's appointment as Executive Vice President, Marketing, the Company granted Mr. Kennedy an award of 50,000 time-based RSUs. One-fourth of the RSUs will vest on each anniversary of Mr. Kennedy's start date, subject to hi
Noodles Introduces Bold Flavors to Its Famous Mac & Cheese, Revamping Classic Favorites Along the Way BROOMFIELD, Colo. , Nov. 13, 2024 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS), the fast-casual chain famous for delivering Uncommon Goodness, is introducing a bold new lineup of specialty Mac & Cheese dishes. Announced today, this exciting addition brings fresh, elevated flavors and made-to-order perfection to Noodles' craveable menu, available in select markets, including Colorado, Ohio, and Illinois. A Bold, New Culinary Approach Noodles & Company's Wisconsin Mac &
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The Benchmark Company reiterated coverage of Noodles & Co with a rating of Buy and set a new price target of $4.00 from $5.00 previously
The Benchmark Company reiterated coverage of Noodles & Co with a rating of Buy and set a new price target of $5.00 from $6.00 previously
The Benchmark Company reiterated coverage of Noodles & Co with a rating of Buy and set a new price target of $6.00 from $8.00 previously
Stephens downgraded Noodles & Co from Overweight to Equal-Weight and set a new price target of $5.00 from $7.00 previously
Stephens initiated coverage of Noodles & Co with a rating of Overweight and set a new price target of $7.00
Piper Sandler downgraded Noodles & Co from Overweight to Neutral and set a new price target of $7.00 from $10.00 previously
Stephens & Co. reiterated coverage of Noodles with a rating of Overweight and set a new price target of $12.00 from $16.00 previously
Benchmark initiated coverage of Noodles with a rating of Buy and set a new price target of $15.00
The Benchmark Company initiated coverage of Noodles & Co with a rating of Buy and set a new price target of $15.00
Stephens & Co. initiated coverage of Noodles with a rating of Overweight and set a new price target of $18.00
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BROOMFIELD, Colo., March 06, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, and provided a 2025 business outlook. Key highlights for the fourth quarter of 2024 compared to the fourth quarter of 2023 include: Total revenue decreased 2.0% to $121.8 million from $124.3 million.Comparable restaurant sales increased 0.8% system-wide, including a 0.5% increase for company-owned restaurants and a 1.9% increase for franchise restaurants.Net loss was $9.7 million, or $0.21 loss per diluted share, compared to net loss of $6.1 million, or $0.14 loss per diluted share.Operating margin was (6.0
BROOMFIELD, Colo., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, March 6, 2025 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with fourth quarter and full year 2024 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 201-389-0920. A replay will be available after the call and can be accessed by dialing 412-317-6671; the passcode is 13750888. The replay will be available
BROOMFIELD, Colo., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for its third quarter ended October 1, 2024. Key highlights for the third quarter of 2024 versus the third quarter of 2023 include: Total revenue decreased 4.0% to $122.8 million from $127.9 million in the third quarter of 2023.Comparable restaurant sales decreased 3.3% system-wide, comprised of a 3.4% decrease at company-owned restaurants and a 2.9% decrease at franchise restaurants.Net loss was $6.8 million, or $0.15 loss per diluted share, compared to net income of $0.7 million, or $0.02 earnings per diluted share, in the third quarter of 2023.Operating margin was (3.
BROOMFIELD, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its third quarter 2024 financial results on Wednesday, November 6, 2024 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with third quarter 2024 financial results will be issued after the market close that same day. To access the live conference call, please click on the registration link here to receive your personal dial-in and passcode. While not required, it is recommended that you join 10 minutes prior to the event start time. The conference call will
BROOMFIELD, Colo., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for its second quarter ended July 2, 2024. Key highlights for the second quarter of 2024 versus the second quarter of 2023 include: Total revenue increased 1.8% to $127.4 million from $125.2 million in the second quarter of 2023.Comparable restaurant sales increased 2.0% system-wide, comprised of a 1.3% increase at company-owned restaurants and a 4.7% increase at franchise restaurants.Net loss was $13.6 million, or $0.30 loss per diluted share, compared to net loss of $1.3 million, or $0.03 loss per diluted share, in the second quarter of 2023.Operating margin was (9.0)%
BROOMFIELD, Colo., July 17, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 7, 2024 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with second quarter 2024 financial results will be issued after the market close that same day. To access the live conference call, please click on the registration link here to receive your personal dial-in and passcode. While not required, it is recommended that you join 10 minutes prior to the event start time. The conference call will
BROOMFIELD, Colo., May 08, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for its first quarter ended April 2, 2024. Key highlights for the first quarter of 2024 versus the first quarter of 2023 include: Total revenue decreased 3.7% to $121.4 million from $126.1 million in the first quarter of 2023.Comparable restaurant sales decreased 5.4% system-wide, comprised of a 5.7% decrease at company-owned restaurants and a 4.5% decrease at franchise restaurants.Net loss was $6.1 million, or $0.14 loss per diluted share, compared to net loss of $3.1 million, or $0.07 loss per diluted share, in the first quarter of 2023.Operating margin was (3.4)% c
BROOMFIELD, Colo., April 18, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with first quarter 2024 financial results will be issued after the market close that same day. To access the live conference call, please click on the registration link here to receive your personal dial-in and passcode. While not required, it is recommended that you join 10 minutes prior to the event start time. The conference call will also
BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2024, and provided a 2024 business outlook. Key highlights for the fourth quarter of 2023 (13 weeks) compared to the fourth quarter of 2022 (14 weeks) include: Total revenue decreased 8.9% to $124.3 million from $136.5 million. Adjusting for the impact of the 53rd week in the fourth quarter of 2022, total revenue decreased $3.1 million in the fourth quarter of 2023, or 2.4%.Comparable restaurant sales decreased 4.2% system-wide, including a 4.3% decrease for company-owned restaurants and a 3.6% decrease for franchi
BROOMFIELD, Colo., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced that it will host a conference call to discuss its fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 at 4:30 p.m. ET. Drew Madsen, Interim Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with fourth quarter and full year 2023 financial results will be issued after the market close that same day. To access the conference call live, please click on the registration link here to receive your personal dial-in and passcode. While not required, it is recommended that you join 10 minutes prior to the event start ti
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BROOMFIELD, Colo., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced the appointment of Joe Christina as its President and Chief Operating Officer. A seasoned restaurant executive with more than three decades of leadership experience, Christina will oversee operations and human resources and help further elevate the Noodles & Company experience for both guests and team members. "Joe is a highly accomplished leader with deep operational expertise and a proven track record of driving growth and innovation in the restaurant industry," said Drew Madsen, Chief Executive Officer at Noodles & Company. "His experience as both a CEO and operations leader makes him u
Flavor-Packed Favorite Returns at Noodles, Delivering Nostalgic Comfort and Craveable Flavor For a Limited Time BROOMFIELD, Colo., Jan. 15, 2025 /PRNewswire/ -- Steak Stroganoff is once again Steak StroganON! Noodles & Company (NASDAQ:NDLS), the fast-casual chain known for delivering Uncommon Goodness, is kicking off the New Year with flavor, announcing the highly anticipated return of Steak Stroganoff. Beginning today for a limited time, guests can enjoy Steak Stroganoff at all Noodles locations nationwide, in restaurants, or by placing an order through the Noodles mobile app or third-party delivery.
Experience Craveable Moments this Season with Weekly Limited-Edition Crispy Drops, Available All Month Long BROOMFIELD, Colo., Dec. 2, 2024 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS), the fast-casual brand known for delivering Uncommon Goodness, is serving up holiday cheer with the return of its fan-favorite Holiday CrispiDays celebration. Starting today, guests can enjoy a new limited-edition Holiday Crispy flavor each week, adding a festive twist to its renowned classic treat. These exclusive flavors will drop every Monday throughout the month, spreading joy one Crispy at a time.
Noodles Introduces Bold Flavors to Its Famous Mac & Cheese, Revamping Classic Favorites Along the Way BROOMFIELD, Colo. , Nov. 13, 2024 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS), the fast-casual chain famous for delivering Uncommon Goodness, is introducing a bold new lineup of specialty Mac & Cheese dishes. Announced today, this exciting addition brings fresh, elevated flavors and made-to-order perfection to Noodles' craveable menu, available in select markets, including Colorado, Ohio, and Illinois. A Bold, New Culinary Approach Noodles & Company's Wisconsin Mac &
Noodles Invites Guests to Savor the First Bite of its Fresh New Flavors BROOMFIELD, Colo., Oct. 9, 2024 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS), the nationwide fast-casual chain known for spreading Uncommon Goodness, is turning a new page in its culinary story with the launch of three new dishes that promise to redefine guests' expectations with new flavors and never-before-used ingredients. Today's unveiling of the Lemon Garlic Shrimp Scampi, Chipotle Chicken Cavatappi, and Crispy Chicken Bacon Alfredo is the first step in a multi-phase menu transformation, where big flavors, fresh ingredients, and culinary creativity take center stage.
Noodles & Company knows that fall is full of hectic days and jam-packed schedules, which is why the fast-casual chain is taking dinner off guests' plates with FREE kids' meals, all day, every day, with any regular entrée BROOMFIELD, Colo., Sept. 12, 2024 /PRNewswire/ -- Bringing families together this fall, Noodles & Company (NASDAQ:NDLS), the nationwide fast-casual chain known for spreading Uncommon Goodness, announces today that, for a limited time, guests will receive a free kids' meal with the purchase of any regular entrée any day of the week, any time of day, for any occasion. Guests can redeem the free kids' meal offer in-restaurant, through the Noodles app, or online at Noodles.com,
The Fast-Casual Chain Introduces Two Exclusive Care Bears-Inspired Meals, Featuring Collectible Care Bears Mini Plush Toys and a Delightful Care Bears Crispy Treat BROOMFIELD, Colo., Aug. 28, 2024 /PRNewswire/ -- During this back-to-school season, Noodles & Company, the nationwide fast-casual chain known for spreading Uncommon Goodness, is spreading cheer to the community by unveiling an exclusive menu collaboration with the iconic and lovable, Care Bears™ property, owned by Cloudco Entertainment. Beginning August 28, Noodles invites guests to share its new limited-time Care Bears Share Menu with friends and family, bringing togetherness to mealtime available through Care Bears' nationally
As Former Chief Concept Officer at Panera Bread, Davis led culinary development, category management, restaurant design, and sustainability efforts.At Panera, Davis launched key innovations that drove significant lunch and dinner traffic growth. BROOMFIELD, Colo., June 12, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced the appointment of Scott Davis as Chief Concept Officer, effective June 19, 2024. "Scott brings an unmatched track record of concept development and innovation success in the fast-casual segment, and I am delighted he is joining our leadership team to help us capture the full potential of our unique brand," said Drew Madsen, Chief Executive O
BROOMFIELD, Colo., June 10, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NDLS), the national fast-casual chain known for its globally-inspired noodle bowls, best-in-class service, and values-centric culture, has appointed Britain Peakes as a director on its Board of Directors (Board), effective June 10, 2024. Ms. Peakes is a seasoned finance and investment professional with experience in both private and public markets. As a principal investor at Hoak & Co., she oversees a comprehensive range of responsibilities, including sourcing, due diligence, transaction negotiation and execution, portfolio management, and financial analysis across real estate, private equity, and public equity sector
The Fast-Casual Chain Sold More Than 110,000 Bowls of Steak Stroganoff During the First Two Weeks BROOMFIELD, Colo., May 6, 2024 /PRNewswire/ -- Steak StroganOFF is still ON! Noodles & Company, the national fast-casual chain known for spreading Uncommon Goodness with its globally-inspired noodle bowls, best-in-class service, and values-centric culture, announced today that guests have completely sold out its best-selling LTO, Steak Stroganoff. On April 10, 2024, Noodles re-introduced Steak Stroganoff to its menu for a limited time, and in a few short weeks, the savored dish completely sold out at restaurants nationwide. More than 110,000 bowls of Steak Stroganoff were sold within the first