Noodles & Company (NASDAQ:NDLS) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of Noodles & Company (NASDAQ:NDLS) from a hold rating to a sell rating in a research note released on Friday.

Separately, Truist Financial decreased their price target on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Noodles & Company Stock Performance

Shares of NDLS stock opened at $0.69 on Friday. The firm has a market capitalization of $31.66 million, a PE ratio of -0.95 and a beta of 1.57. The firm has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $1.38. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 23.66. Noodles & Company has a 12 month low of $0.60 and a 12 month high of $3.50.

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

Institutional Trading of Noodles & Company

Several institutional investors have recently made changes to their positions in NDLS. Vanguard Group Inc. grew its stake 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 acquiring an additional 17,000 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Noodles & Company in the 2nd quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Noodles & Company in the 2nd quarter worth $99,000. Nantahala Capital Management LLC grew its stake 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 acquiring an additional 275,000 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Noodles & Company by 83.2% in the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 60,000 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

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.