Assenagon Asset Management S.A. boosted its stake in Noodles & Company (NASDAQ:NDLS – Free Report) by 129.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,491 shares of the restaurant operator’s stock after acquiring an additional 25,122 shares during the period. Assenagon Asset Management S.A.’s holdings in Noodles & Company were worth $53,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Noodles & Company during the first quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Noodles & Company in the 2nd quarter valued at approximately $99,000. Creative Planning increased its position in Noodles & Company by 83.2% during the 3rd 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 period. Vanguard Group Inc. raised its stake in shares of Noodles & Company by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after buying an additional 17,000 shares in the last quarter. Finally, Nantahala Capital Management LLC raised its stake in shares of Noodles & Company by 6.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock worth $6,807,000 after buying an additional 275,000 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.
Noodles & Company Stock Down 2.6 %
NDLS stock opened at $1.14 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 8.79. The company’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.58. Noodles & Company has a 52 week low of $1.06 and a 52 week high of $3.50. The company has a market cap of $52.03 million, a P/E ratio of -2.04 and a beta of 1.73.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Noodles & Company from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.
Read Our Latest Stock Report on Noodles & Company
Noodles & Company 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.
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