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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Noodles & Company (NDLS): When a high-flying growth stock loses its mojo, look out below! Cramer said this high-flying stock tripled in the days following its 2013 IPO, but ever since has failed to meet even its own expectations.
Noodles has missed estimates for six consecutive quarters, failing to beat on either the top or bottom line. The company's same store sales have been faltering, along with its gross margins, all leading to a 29% decline in the stock in just the past month, after the company reported its latest disappointment on May 5th.
So what's wrong at Noodles? Chalk it up to a management team that was way too optimistic and promotional just after its initial public offering but is now failing to execute.
On its latest conference call, management again tried to spin its ailing same store sales by noting that if you excluded weakness in three markets, sales were actually up 3.2%. What they failed to mention, however, was the three markets they excluded, which included their home turf of Colorado, account for nearly a third of the company's overall sales.
Yet despite all its failings and its decimated stock, shares still trade at a hefty 32 times earnings, more than Chipotle Mexican Grill (CMG), which is growing far faster and a far more reliable company.