Benchmark lowered the firm’s price target on Noodles & Company to $3 from $4 and keeps a Buy rating on the shares. The firm is modifying its adjusted EBITDA and historical adjusted EPS calculations to reflect the new calculation methodology that management adopted to better conform with industry peers, which resulted in a reduction in its adjusted EBITDA estimates.
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Read More on NDLS:
- Noodles & Company to Announce First Quarter 2024 Results on May 8, 2024
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- Noodles & Company signs agreement with DND Group
- Noodles & Company price target lowered to $4 from $5 at Benchmark
- Noodles & Company price target lowered to $4 from $5 at Truist
