Point72 Asia Singapore Pte. Ltd. Has $28,000 Position in Noodles & Company (NASDAQ:NDLS)

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of Noodles & Company (NASDAQ:NDLS) by 62.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,645 shares of the restaurant operator’s stock after selling 39,113 shares during the quarter. Point72 Asia Singapore Pte. Ltd. owned approximately 0.05% of Noodles & Company worth $28,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Nantahala Capital Management LLC lifted its holdings in shares of Noodles & Company by 6.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock worth $6,807,000 after purchasing an additional 275,000 shares in the last quarter. Creative Planning lifted its stake 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 valued at $159,000 after buying an additional 60,000 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Noodles & Company by 129.7% during the third quarter. Assenagon Asset Management S.A. now owns 44,491 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 25,122 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Noodles & Company by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,414,075 shares of the restaurant operator’s stock worth $4,611,000 after acquiring an additional 17,000 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com raised Noodles & Company from a “sell” rating to a “hold” rating in a research report on Thursday.

Noodles & Company Stock Performance

Shares of NDLS stock opened at $0.63 on Monday. 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 firm has a 50-day moving average of $0.99 and a 200-day moving average of $1.42. Noodles & Company has a one year low of $0.60 and a one year high of $3.50. The company has a market cap of $28.69 million, a P/E ratio of -0.86 and a beta of 1.57.

Noodles & Company (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The firm had revenue of $122.75 million during the quarter, compared to the consensus estimate of $125.43 million. During the same period in the previous year, the company posted $0.04 earnings per share. Equities research analysts forecast that Noodles & Company will post -0.46 EPS for the current fiscal year.

About Noodles & Company

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.