Dimensional Fund Advisors LP Has $270,000 Holdings in Noodles & Company (NASDAQ:NDLS)

Dimensional Fund Advisors LP cut its stake in Noodles & Company (NASDAQ:NDLS) by 38.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 170,070 shares of the restaurant operator’s stock after selling 108,304 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Noodles & Company were worth $270,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Assenagon Asset Management S.A. bought a new position in Noodles & Company in the 2nd quarter valued at $31,000. Vanguard Group Inc. boosted its position in shares of Noodles & Company by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Noodles & Company in the first quarter valued at about $32,000. 65.67% of the stock is currently owned by institutional investors.

Noodles & Company Stock Down 3.5 %

Shares of NASDAQ NDLS opened at $1.09 on Tuesday. The company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32. Noodles & Company has a 52 week low of $1.06 and a 52 week high of $3.50. The stock has a market capitalization of $49.43 million, a P/E ratio of -3.76 and a beta of 1.73. The stock’s fifty day moving average is $1.38 and its 200 day moving average is $1.62.

Noodles & Company (NASDAQ:NDLS) last released its earnings results on Wednesday, August 7th. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $127.35 million for the quarter, compared to analysts’ expectations of $130.45 million. Noodles & Company had a negative return on equity of 42.03% and a negative net margin of 5.03%. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Sell-side analysts forecast that Noodles & Company will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Noodles & Company from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Truist Financial reaffirmed a “buy” rating and set a $4.00 price target on shares of Noodles & Company in a research note on Monday, July 1st.

Noodles & Company Profile

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.