Shares of Noodles & Co (NASDAQ:NDLS) have received an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.92.
NDLS has been the topic of several analyst reports. BidaskClub raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered Noodles & Co from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.
Shares of NDLS stock traded down $0.21 during trading hours on Wednesday, hitting $6.56. 19,614 shares of the company’s stock were exchanged, compared to its average volume of 476,288. The company has a 50-day moving average price of $7.57. The company has a current ratio of 0.40, a quick ratio of 0.21 and a debt-to-equity ratio of 5.92. The firm has a market cap of $288.93 million, a PE ratio of 325.00, a price-to-earnings-growth ratio of 4.78 and a beta of 0.05. Noodles & Co has a 52 week low of $5.85 and a 52 week high of $13.50.
Noodles & Co (NASDAQ:NDLS) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $117.72 million. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. As a group, research analysts expect that Noodles & Co will post 0.16 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goodwin Daniel L raised its stake in Noodles & Co by 105.5% during the 2nd quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock valued at $5,851,000 after buying an additional 381,100 shares during the last quarter. Millennium Management LLC raised its position in shares of Noodles & Co by 41.6% during the 4th quarter. Millennium Management LLC now owns 219,817 shares of the restaurant operator’s stock valued at $1,537,000 after buying an additional 64,535 shares in the last quarter. BlackRock Inc. raised its position in shares of Noodles & Co by 15.7% during the 4th quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock valued at $9,254,000 after buying an additional 179,935 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Noodles & Co by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 111,561 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 10,560 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Noodles & Co by 35.8% during the 1st quarter. Kennedy Capital Management Inc. now owns 648,268 shares of the restaurant operator’s stock valued at $4,408,000 after buying an additional 170,875 shares in the last quarter. 69.77% of the stock is currently owned by institutional investors.
About Noodles & Co
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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