A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Noodles & from a hold rating to a sell rating in a research note on Friday, July 21st. SunTrust Banks, Inc. reissued a hold rating and set a $5.00 target price on shares of Noodles & in a research note on Thursday, October 12th. Piper Jaffray Companies reissued a sell rating and set a $4.00 target price on shares of Noodles & in a research note on Friday, August 11th. Wedbush reissued a hold rating on shares of Noodles & in a research note on Friday, August 11th. Finally, Jefferies Group LLC reissued a hold rating and set a $4.50 target price (down previously from $5.50) on shares of Noodles & in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $4.57.
Noodles & (NDLS) traded up $0.20 on Friday, reaching $4.60. 272,500 shares of the company’s stock were exchanged, compared to its average volume of 168,191. Noodles & has a one year low of $3.16 and a one year high of $6.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.57 and a quick ratio of 0.31.
Noodles & (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Noodles & had a negative net margin of 17.41% and a negative return on equity of 6.83%. The company had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $114.45 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. equities analysts anticipate that Noodles & will post -0.01 EPS for the current year.
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Large investors have recently bought and sold shares of the business. KCG Holdings Inc. boosted its holdings in Noodles & by 91.8% in the 1st quarter. KCG Holdings Inc. now owns 58,108 shares of the restaurant operator’s stock valued at $334,000 after purchasing an additional 27,818 shares during the last quarter. Catterton Management Company L.L.C. boosted its holdings in Noodles & by 62.5% in the 2nd quarter. Catterton Management Company L.L.C. now owns 11,106,987 shares of the restaurant operator’s stock valued at $43,317,000 after purchasing an additional 4,272,103 shares during the last quarter. Eidelman Virant Capital boosted its holdings in Noodles & by 106.7% in the 3rd quarter. Eidelman Virant Capital now owns 372,000 shares of the restaurant operator’s stock valued at $1,636,000 after purchasing an additional 192,000 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in Noodles & in the 2nd quarter valued at about $455,000. Finally, Renaissance Technologies LLC boosted its holdings in Noodles & by 26.2% in the 1st quarter. Renaissance Technologies LLC now owns 499,400 shares of the restaurant operator’s stock valued at $2,872,000 after purchasing an additional 103,600 shares during the last quarter. Institutional investors own 65.43% 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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