StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS - Free Report) from a sell rating to a hold rating in a research note released on Tuesday morning.
Separately, Truist Financial lowered their price target on Noodles & Company from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Friday, November 8th.
Read Our Latest Report on Noodles & Company
Noodles & Company Price Performance
Shares of NDLS stock traded down $0.10 on Tuesday, hitting $1.25. 161,180 shares of the stock traded hands, compared to its average volume of 266,573. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. Noodles & Company has a 52 week low of $0.55 and a 52 week high of $2.55. The firm has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.11. The firm has a market cap of $56.87 million, a price-to-earnings ratio of -1.71 and a beta of 1.77.
Noodles & Company (NASDAQ:NDLS - Get Free Report) last issued its quarterly earnings results 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%. During the same period in the previous year, the business posted ($0.07) earnings per share. As a group, equities research analysts predict that Noodles & Company will post -0.43 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NDLS. Creative Planning increased its holdings in shares of Noodles & Company by 83.2% in the third quarter. Creative Planning now owns 132,130 shares of the restaurant operator's stock worth $159,000 after purchasing an additional 60,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Noodles & Company by 129.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator's stock valued at $53,000 after acquiring an additional 25,122 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Noodles & Company by 17.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 147,300 shares of the restaurant operator's stock valued at $85,000 after purchasing an additional 21,800 shares in the last quarter. Institutional investors own 65.67% of the company's stock.
About Noodles & Company
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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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