Royce & Associates LP cut its holdings in Noodles & Company (NASDAQ:NDLS - Free Report) by 43.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,265,916 shares of the restaurant operator's stock after selling 969,010 shares during the period. Royce & Associates LP owned about 2.77% of Noodles & Company worth $733,000 as of its most recent filing with the SEC.
Analyst Upgrades and Downgrades
NDLS has been the subject of a number of recent research reports. StockNews.com downgraded Noodles & Company from a "hold" rating to a "sell" rating in a research note on Wednesday, March 12th. Benchmark reissued a "buy" rating and set a $3.00 price target on shares of Noodles & Company in a report on Monday, March 10th.
Check Out Our Latest Research Report on NDLS
Noodles & Company Stock Performance
Shares of NASDAQ NDLS traded up $0.04 during midday trading on Wednesday, hitting $1.18. 63,670 shares of the company's stock were exchanged, compared to its average volume of 229,108. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The stock's 50 day moving average price is $1.33 and its 200-day moving average price is $1.07. The firm has a market cap of $53.97 million, a P/E ratio of -1.62 and a beta of 1.96. Noodles & Company has a twelve month low of $0.55 and a twelve month high of $2.36.
Noodles & Company (NASDAQ:NDLS - Get Free Report) last announced 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). The business had revenue of $121.77 million for the quarter, compared to analyst estimates of $123.43 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. During the same quarter last year, the firm posted ($0.07) EPS. Equities research analysts anticipate that Noodles & Company will post -0.43 EPS for the current year.
Noodles & Company Profile
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Free Report)
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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