Noodles & Co. must be carbo-loading. Shares of the casual restaurant chain have been on quite the run since making their public debut last week.
The stock more than doubled on Friday -- its first trading day -- and is up another 25% Tuesday thanks to kind words from CNBC's Jim Cramer on his Monday evening show. The Mad Money host said that Noodles & Co. (NDLS), which offers dishes ranging from macaroni and cheese to Pad Thai, may be the "son of Chipotle."
For those who don't remember, Chipotle (CMG) doubled from its IPO price on its first day of trading and seven years later, it's up more than 16-fold.
Though Cramer is bullish on the stock, he also advised viewers to wait for a pullback in the price before they buy. But clearly some investors didn't heed that advice.
And that gave StockTwits traders plenty to chat about.
Good point. In fact, Noodles and Co.'s management has some Chipotle in its history.
CEO Kevin Reddy previously held three top posts at Chipotle, including chief operating officer. Noodles president Keith Kinsey also served in a operations executive role at Chipotle.
And both are recognized for their role in helping Chipotle expand rapidly and successfully.
Another trader seemed to think the company's fundamentals are strong and that investors may miss out if they watch and wait.
There was also a more pessimistic camp, noting that high-flying IPO stocks are remnants of the past, and trading in them can be especially unnerving during a time when the broader market is near all-time highs.
Some investors even thought shares have climbed so high that they're in a prime position to short sell -- betting on a decline. But since the stock only recently made its public debut, Noodles' shares aren't widely available to borrow and short.
However, some defended Noodles, pointing out that there were plenty of folks suggesting shorting Chipotle back when it went public and delivered stellar gains right off the bat, but they would be sorry now.
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