Noodles & Company (NASDAQ:NDLS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Wedbush in a note issued to investors on Friday.
A number of other brokerages also recently issued reports on NDLS. Jefferies Group LLC reaffirmed a “hold” rating and set a $5.50 price target on shares of Noodles & in a report on Tuesday, April 18th. ValuEngine downgraded shares of Noodles & from a “sell” rating to a “strong sell” rating in a report on Thursday, May 11th. Zacks Investment Research downgraded shares of Noodles & from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price target on shares of Noodles & in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Noodles & has an average rating of “Hold” and an average target price of $4.94.
Shares of Noodles & (NASDAQ:NDLS) opened at 3.90 on Friday. The firm has a 50-day moving average of $4.02 and a 200 day moving average of $4.47. Noodles & has a 12 month low of $3.16 and a 12 month high of $7.26. The company’s market cap is $159.95 million.
Noodles & (NASDAQ:NDLS) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $112.79 million for the quarter, compared to analysts’ expectations of $113.98 million. Noodles & had a negative net margin of 19.61% and a negative return on equity of 10.55%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS.
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In other Noodles & news, Director Robert M. Hartnett acquired 72,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $3.55 per share, for a total transaction of $255,600.00. Following the purchase, the director now directly owns 61,682 shares of the company’s stock, valued at $218,971.10. The acquisition was disclosed in a filing with the SEC, which is available at this link. 52.67% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Noodles & by 52.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 9,287 shares during the period. Royce & Associates LP acquired a new position in shares of Noodles & during the second quarter valued at $146,000. Spark Investment Management LLC acquired a new position in shares of Noodles & during the second quarter valued at $226,000. Creative Planning boosted its position in shares of Noodles & by 48,000.0% in the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 72,000 shares during the period. Finally, KCG Holdings Inc. boosted its position in shares of Noodles & by 91.8% in the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 27,818 shares during the period. Hedge funds and other institutional investors own 55.13% of the company’s stock.
Noodles & 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.
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