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.
Featured Articles
Before you consider Noodles & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Noodles & Company wasn't on the list.
While Noodles & Company currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
