Benchmark analyst Todd Brooks reiterated a Hold rating and {REMOVEPT} price target on Noodles & Co. (NASDAQ: NDLS).

The analyst commented, "After the close on March 25th, Noodles & Co. (NDLS) reported strong 4Q25 operating results that saw significantly better than consensus performance for SSS, RLOM, and AEPS, while Revenue and AEBITDA came in only slightly above consensus. Revenue of $122.8M slightly exceeded consensus of $122.4M, and systemwide SSS of 6.6% beat the estimate of 5.5%. RLOM of 14.1% came in well above consensus of 12.5%, allowing the company to deliver AEPS of ($0.43) (vs. consensus of ($0.72)) and AEBITDA of $7.6M (vs. consensus of $7.2M). Notably, the company highlighted accelerating QTD SSS trends of 9% (on 4% traffic growth), fueled by two impactful LTOs and an increasing SSS contribution from the rationalization of the existing store base. We remain Hold rated on NDLS shares at this time, as this type of progress is hard to deliver in a linear fashion, with results dependent on how product innovation hits, and with likely deceleration in sales transfer contribution in 2H26."

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Shares of Noodles & Co. closed at $6.06 yesterday.