Top 5 Restaurant Stocks Under $10

3. Noodles & Company (NASDAQ:NDLS)

Number of Hedge Fund Holders: 15

Stock Price: $5.91

Noodles & Company (NASDAQ:NDLS) is a Broomfield, Colorado-based operator of fast-casual restaurants.

Joshua Long at Stephens started coverage on Noodles & Company (NASDAQ:NDLS) stock with a target price of $7 and an Overweight rating. The analyst believes the company offers an attractive growth story to investors in the limited-service restaurant category. The noodle-based menu acts as a differentiator for Noodles & Company (NASDAQ:NDLS), aiding the company in achieving healthy top-line growth. Furthermore, the growth of the digital channel is providing impetus to Noodles & Company’s (NASDAQ:NDLS) stock and creating more brand awareness. The company is also making constant changes to its menu to remain in line with the healthy eating habits of the young generation, making it one of the best restaurant stocks to hold for the long run.

Of the 895 hedge funds in Insider Monkey’s database, Noodles & Company (NASDAQ:NDLS) was held by 15 hedge funds as of Q2 2022.

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