Noodles & Company price target lowered to $4 from $5 at Benchmark

Benchmark lowered the firm’s price target on Noodles & Company to $4 from $5 and keeps a Buy rating on the shares after the company reported Q4 results that the firm says “were below expectations on every metric” amid a series of announcements after the market close on March 7. However, the firm is maintaining a Buy rating as it is giving the team “some runway to see if a turnaround takes hold,” the analyst tells investors.