Johannes Salim, CFA
CFA, long/short equity, hedge fund manager

Noodles & Company: Long-Term Growth Richly In The Price

As a part of my research to find growth stocks, I looked at fast casual restaurant operators, starting with Noodles & Company (NASDAQ:NDLS). As we all know, fast casual has become the buzzword/hot segment in the mature restaurant industry over the past five years. Noodles & Company was listed on Jun 27, 2013 with IPO price of $18/share. On its first trading day, it doubled and rose further to touch all-time high $48.30/share on Oct 14, 2013. Since then, the share price has eased by 25%. Hence, in this article, I take a close look at Noodles & Company's fundamental/valuation to see if the buying opportunity has arisen. In particular, the big question for investors is whether Noodles...

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