Form 4 NOODLES & Co For: Aug 01 Filed by: Dufresne Francois
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Piper Jaffray Cuts Price Target on Noodles & Company (NDLS) to $6; Reiterates Underweight
August 5, 2016 9:22 AM EDTPiper Jaffray maintained an Underweight rating on Noodles & Company (NASDAQ: NDLS), and cut the price target to $6.00 (from $7.00), following the company's 2Q earnings report. EPS was reported at ($0.03), which was a touch better than expectations. Total revenues increased approximately 5.4% y/y, to $121.4M.
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