Noodles & Co (NASDAQ:NDLS)’s share price shot up 5.9% during trading on Wednesday . The stock traded as high as $7.20 and last traded at $7.16. 698,918 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 467,182 shares. The stock had previously closed at $6.76.
Several research firms have commented on NDLS. ValuEngine downgraded Noodles & Co from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research upgraded Noodles & Co from a “strong sell” rating to a “hold” rating and set a $9.50 target price for the company in a research report on Saturday, May 11th. BidaskClub upgraded Noodles & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, SunTrust Banks dropped their target price on Noodles & Co to $13.00 and set a “buy” rating for the company in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.63.
The company has a quick ratio of 0.15, a current ratio of 0.35 and a debt-to-equity ratio of 6.24. The company has a market cap of $297.10 million, a P/E ratio of 358.00, a P/E/G ratio of 4.84 and a beta of 0.03. The company has a 50-day moving average price of $7.54.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. Noodles & Co had a positive return on equity of 3.70% and a negative net margin of 1.47%. The company had revenue of $110.05 million during the quarter, compared to the consensus estimate of $108.93 million. Equities research analysts anticipate that Noodles & Co will post 0.16 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp bought a new stake in Noodles & Co in the fourth quarter worth approximately $91,000. Salem Investment Counselors Inc. increased its holdings in Noodles & Co by 1,400.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 225,000 shares of the restaurant operator’s stock worth $1,573,000 after purchasing an additional 210,000 shares in the last quarter. Millennium Management LLC increased its holdings in Noodles & Co by 41.6% in the fourth quarter. Millennium Management LLC now owns 219,817 shares of the restaurant operator’s stock worth $1,537,000 after purchasing an additional 64,535 shares in the last quarter. BlackRock Inc. increased its holdings in Noodles & Co by 15.7% in the fourth quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock worth $9,254,000 after purchasing an additional 179,935 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Noodles & Co by 858.6% in the third quarter. JPMorgan Chase & Co. now owns 255,426 shares of the restaurant operator’s stock worth $3,090,000 after purchasing an additional 228,781 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.
Noodles & Co Company Profile (NASDAQ:NDLS)
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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