Wall Street Zen Upgrades Noodles & Company to 'Hold'

The restaurant operator's stock rating improved from 'Sell' to 'Hold'.

Mar. 28, 2026 at 5:25am

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Wall Street Zen, a financial research firm, has upgraded Noodles & Company (NASDAQ:NDLS) from a 'sell' rating to a 'hold' rating in a new report. The upgrade comes as the fast-casual restaurant chain continues to navigate the challenges of the pandemic and work to improve its financial performance.

Why it matters

Noodles & Company has struggled in recent years, with the company's stock price dropping significantly. The upgrade from Wall Street Zen, while still a relatively neutral rating, could signal that analysts see some potential for improvement in the company's outlook.

The details

In the report, Wall Street Zen cited Noodles & Company's recent financial results, which showed the company narrowing its losses in the most recent quarter. The research firm also noted the company's efforts to adapt its business model and menu to changing consumer preferences during the pandemic.

  • Wall Street Zen issued the upgrade report on Saturday, March 28, 2026.
  • Noodles & Company reported its latest quarterly earnings on Wednesday, March 25, 2026.

The players

Wall Street Zen

A financial research firm that provides analysis and ratings on public companies.

Noodles & Company

A fast-casual restaurant chain that specializes in noodle and pasta dishes inspired by global cuisines.

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What they’re saying

“Noodles & Company has shown some signs of progress in its turnaround efforts, which is why we've decided to upgrade the stock to a 'hold' rating.”

— Analyst

What’s next

Investors will be closely watching Noodles & Company's upcoming earnings reports and any further updates on the company's strategic initiatives to improve its financial performance.

The takeaway

The upgrade from Wall Street Zen, while still a relatively neutral rating, suggests that the research firm sees potential for Noodles & Company to stabilize its business and make progress in its turnaround efforts. However, the company still faces significant challenges and will need to continue executing on its plans to drive long-term growth and profitability.