Noodles & Company agrees to acquire sixteen franchised locations for $13.4M Noodles & Company announced it has entered into an agreement to purchase 16 franchised Noodles & Company restaurants for approximately $13.4M. The acquisition is expected to close in early July. The 16 locations included in the agreement, operated by long-time franchise partner, Sagamore Dining Partners, LLC, are located primarily in the greater Indianapolis area. All of the Noodles & Company restaurants being acquired will remain open for business during the transition.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... NetEase.com (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.