Noodles & Company (NASDAQ:NDLS - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.59 and traded as low as $1.14. Noodles & Company shares last traded at $1.34, with a volume of 1,071,209 shares traded.
Analyst Ratings Changes
A number of research firms have recently commented on NDLS. StockNews.com raised shares of Noodles & Company from a "sell" rating to a "hold" rating in a research report on Thursday, August 29th. Truist Financial reissued a "buy" rating and set a $4.00 target price on shares of Noodles & Company in a research report on Monday, July 1st.
Read Our Latest Research Report on NDLS
Noodles & Company Trading Down 7.5 %
The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 8.79. The business's 50 day moving average is $1.31 and its 200-day moving average is $1.59. The firm has a market cap of $56.23 million, a P/E ratio of -4.28 and a beta of 1.73.
Noodles & Company (NASDAQ:NDLS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $127.35 million during the quarter, compared to analyst estimates of $130.45 million. Noodles & Company had a negative net margin of 5.03% and a negative return on equity of 42.03%. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. As a group, analysts forecast that Noodles & Company will post -0.33 earnings per share for the current fiscal year.
Institutional Trading of Noodles & Company
A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. Nantahala Capital Management LLC increased its stake in Noodles & Company by 6.8% during the second quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator's stock valued at $6,807,000 after purchasing an additional 275,000 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Noodles & Company during the second quarter valued at $31,000. Vanguard Group Inc. increased its stake in Noodles & Company by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator's stock valued at $4,611,000 after purchasing an additional 17,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Noodles & Company during the first quarter valued at $32,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Noodles & Company during the second quarter valued at $99,000. Institutional investors own 65.67% of the company's stock.
Noodles & Company Company Profile
(
Get Free Report)
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.
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