Noodles & Company (NASDAQ:NDLS - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.09 and traded as low as $1.05. Noodles & Company shares last traded at $1.10, with a volume of 88,093 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NDLS. Benchmark reiterated a "buy" rating and set a $3.00 price target on shares of Noodles & Company in a research note on Monday, March 10th. StockNews.com downgraded Noodles & Company from a "hold" rating to a "sell" rating in a research report on Wednesday, March 12th.
View Our Latest Report on Noodles & Company
Noodles & Company Stock Performance
The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. The company has a market cap of $50.77 million, a P/E ratio of -1.52 and a beta of 1.96. The business's 50 day simple moving average is $1.31 and its 200 day simple moving average is $1.08.
Noodles & Company (NASDAQ:NDLS - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The restaurant operator reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $121.77 million during the quarter, compared to analysts' expectations of $123.43 million. During the same period last year, the company earned ($0.07) earnings per share. Sell-side analysts predict that Noodles & Company will post -0.43 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Noodles & Company stock. Bridgeway Capital Management LLC increased its position in Noodles & Company (NASDAQ:NDLS - Free Report) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,300 shares of the restaurant operator's stock after buying an additional 21,800 shares during the period. Bridgeway Capital Management LLC owned 0.32% of Noodles & Company worth $85,000 at the end of the most recent quarter. 65.67% of the stock is owned by institutional investors and hedge funds.
Noodles & Company Company Profile
(
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Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.
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