Noodles & Company (NASDAQ:NDLS) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.57.
Several analysts have issued reports on NDLS shares. BMO Capital Markets reissued a “hold” rating and set a $5.00 price objective on shares of Noodles & in a research note on Thursday, June 22nd. Zacks Investment Research lowered Noodles & from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Wedbush reissued a “hold” rating on shares of Noodles & in a research note on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and set a $4.50 price objective (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $4.00 price objective on shares of Noodles & in a research note on Friday, August 11th.
Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Noodles & by 52.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 9,287 shares during the period. Royce & Associates LP bought a new position in shares of Noodles & during the second quarter valued at approximately $146,000. Spark Investment Management LLC bought a new position in shares of Noodles & during the second quarter valued at approximately $226,000. Creative Planning raised its holdings in shares of Noodles & by 48,000.0% during the second quarter. Creative Planning now owns 72,150 shares of the restaurant operator’s stock valued at $281,000 after acquiring an additional 72,000 shares in the last quarter. Finally, KCG Holdings Inc. raised its holdings in shares of Noodles & by 91.8% during the first quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after acquiring an additional 27,818 shares in the last quarter. 65.65% of the stock is owned by hedge funds and other institutional investors.
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Shares of Noodles & (NDLS) traded up 2.33% on Friday, reaching $4.40. 91,045 shares of the company were exchanged. Noodles & has a 12-month low of $3.16 and a 12-month high of $6.00. The stock’s 50-day moving average is $4.31 and its 200 day moving average is $4.52. The firm’s market capitalization is $180.88 million.
Noodles & (NASDAQ:NDLS) last issued its earnings results on Thursday, August 10th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $113.98 million. Noodles & had a negative return on equity of 10.25% and a negative net margin of 17.42%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. On average, analysts forecast that Noodles & will post ($0.01) EPS for the current year.
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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