Noodles & Company's stock fell 10% today, to $3.62. This gives the company a market cap of $145 million. The company's shares are down 90% since its IPO four years ago.
According to the latest 10-Q, the company owned 409 restaurants and had 73 franchised restaurants. This means that the company is valued at about $300,000 per restaurant.
Is the business model too broken for the company to make a recovery? I feel that if it falls any lower, other fast-casual chains (e.g., Chipotle) would be likely to acquire the company.
What are your thoughts?
Submitted June 12, 2017 at 05:35PM by IAMAnarcissist http://ift.tt/2rbX45W
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