According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “
A number of other research analysts have also weighed in on NDLS. Robert W. Baird reissued a neutral rating on shares of Noodles & Co. in a research note on Thursday, September 8th. Piper Jaffray Cos. reissued an underweight rating and issued a $7.00 target price (down from $8.00) on shares of Noodles & Co. in a research note on Wednesday, July 27th. Jefferies Group lowered shares of Noodles & Co. from a buy rating to a hold rating and set a $10.00 target price on the stock. in a research note on Tuesday, July 26th. RBC Capital Markets reissued a sector perform rating and issued a $8.00 target price (down from $13.00) on shares of Noodles & Co. in a research note on Monday, August 8th. Finally, Bank of America Corp. reissued a sell rating on shares of Noodles & Co. in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $10.38.
Shares of Noodles & Co. (NASDAQ:NDLS) opened at 4.98 on Tuesday. The company’s market cap is $138.67 million. Noodles & Co. has a 12-month low of $4.91 and a 12-month high of $14.95. The firm’s 50-day moving average price is $6.34 and its 200 day moving average price is $9.26.
Noodles & Co. (NASDAQ:NDLS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Noodles & Co. had a negative return on equity of 2.75% and a negative net margin of 6.50%. The firm earned $121.40 million during the quarter, compared to analyst estimates of $121.15 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Noodles & Co. will post ($0.10) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. CoreCommodity Management LLC acquired a new position in Noodles & Co. during the second quarter valued at approximately $66,845,000. A.R.T. Advisors LLC increased its position in Noodles & Co. by 114.9% in the second quarter. A.R.T. Advisors LLC now owns 27,305 shares of the company’s stock valued at $267,000 after buying an additional 14,600 shares during the period. State Street Corp increased its position in Noodles & Co. by 1.7% in the second quarter. State Street Corp now owns 168,517 shares of the company’s stock valued at $1,650,000 after buying an additional 2,849 shares during the period. Netols Asset Management Inc. increased its position in Noodles & Co. by 8.3% in the second quarter. Netols Asset Management Inc. now owns 520,711 shares of the company’s stock valued at $5,093,000 after buying an additional 39,714 shares during the period. Finally, US Bancorp DE increased its position in Noodles & Co. by 11.8% in the second quarter. US Bancorp DE now owns 13,551 shares of the company’s stock valued at $132,000 after buying an additional 1,432 shares during the period. Institutional investors and hedge funds own 96.89% of the company’s stock.
Noodles & Co. Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Noodles & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co. and related companies with MarketBeat.com's FREE daily email newsletter.