Information Provided By:
Fly News Breaks for May 6, 2015
NDLS
May 6, 2015 | 08:45 EDT
BMO Capital cut its price target on Noodles & Company after the company reported lower than expected Q1 EPS. The firm thinks the company's EPS will be flat this year versus 2014, as BMO believes that it will take time for the comp and margin headwinds to dissipate. However, the firm is encouraged by several of the company's initiatives and remains upbeat on the stock's longer term outlook. It keeps an Outperform rating on the shares.