Professional
Added to YB: 2024-11-08
Pitch date: 2024-11-07
NDLS [neutral]
Noodles & Company
+86.26%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants in the United States.
Market Cap
$70.2M
Pitch Price
$8.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.70
P/E
-1.88
EV/Sales
0.65
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Noodles & Company: Deep Discount or Troubled Concept?
NDLS (potential turnaround): Quick-service restaurant down 90% from highs, trading at 4x EBITDA. Turnaround potential with focus on core markets, store closures, reduced capex. Activists Mill Road (26%), Hoak (7%), Headland (10%) involved. Concerns: weak unit economics, viability of concept. No concrete activist proposals yet.
Read full article (1 min)