SunTrust analyst Jake Bartlett lowered his price target on Noodles & Co to $13 after its reported "flat" Q4 traffic and its outlook for Q1 being muted by severe weather. The analyst is keeping his Buy rating however and calls the 15% pullback in its stock price a "strong buying opportunity". Bartlett cites Noodles & Co's many sales and margins drivers that include a "new menu format launch in mid-May, building delivery momentum, and a rewards program and online ordering re-launch", adding that his forecast is for unit growth to accelerate to about 5% by 2020.