Noodles & Company (NASDAQ:NDLS – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Separately, Truist Financial cut their target price on shares of Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 8th.
Check Out Our Latest Analysis on Noodles & Company
Noodles & Company Price Performance
Noodles & Company (NASDAQ:NDLS – Get Free Report) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). The company had revenue of $122.75 million during the quarter, compared to analysts’ expectations of $125.43 million. Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. During the same period in the previous year, the company earned $0.04 EPS. As a group, research analysts anticipate that Noodles & Company will post -0.46 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in NDLS. Assenagon Asset Management S.A. acquired a new position in shares of Noodles & Company in the second quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Noodles & Company during the 2nd quarter valued at $99,000. Creative Planning grew its position in Noodles & Company by 83.2% in the third 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. Finally, Nantahala Capital Management LLC increased its position in Noodles & Company by 6.8% during the second 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 during the last quarter. Institutional investors and hedge funds 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.
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