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Sunday, October 20, 2013

Buy Noodles & Company (NDLS) Stock?

Should you buy Noodles & Company (NDLS) stock? -

 
 

Noodles & Company (NDLS) stock has been on a roller coaster ride since going public back in June.  The stock closed at $47 on Friday and is holding it's post IPO gains.  Should you buy NDLS stock right now?

Noodles & Company (NDLS) is expected to report earnings in early November so unless we see a sudden drop to the low $40's before earnings, I would wait.  I currently own NDLS for the long term at an average of $41.60.  I will be buying more if it drops big after earnings.  However, I think you have to wait to see what the results look like.  If they beat earnings, beat revenue, and increase guidance, the stock will hit $52-$55 rather quickly.  I have a 2014 price target of $65.  NDLS is a strong buy below $43.  Long term NDLS is the next Chipotle (CMG).

Also see - Top Stocks 2014 - Top Stock Gainers 2013


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