Professional
Added to YB: 2024-11-21
Pitch date: 2024-11-20
NDLS [neutral]
Noodles & Company
+95.83%
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. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers.
Market Cap
$63.5M
Pitch Price
$0.72
Price Target
N/A
Dividend
N/A
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Noodles & Company Activist Moves: A Path to Positive FCF?
NDLS (watching): Down 40% post-Q3. Activist influence: 20 store closures, 2 new openings in 2025 (vs 10 in 2024), capex cut 50% to $15M. OCF $17M YTD. Trades at 5x EV/Q3 EBITDA (down 50% YoY). Leveraged, but potential turnaround. FCF positive at reduced capex. Sidelines for now, monitoring progress.
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