Six Noodles & Co (NDLS) Execs Look Like Geniuses Today

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Noodles & Co. (NDLS) Premium Difficult to Justify; Wedbush Starts at Neutral

July 8, 2013 8:31 AM EDT

Wedbush initiated coverage on Noodles & Co. (NASDAQ: NDLS) with a Neutral rating and a price target of $35.00. Analyst Nick Setyan thinks the stock's massive premium is unwarranted.

"We believe NDLS' current 187% and 98% premiums on a P/E and EV/EBITDA basis, respectively, to... More