Noodles & Company NDLS was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $6.80 – $8.91 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen three positive estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for Noodles & Company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Noodles & Company currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Retail – Restaurants industry is Papa John's International, Inc. PZZA which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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