StockNews.com lowered shares of Noodles & Company (NASDAQ:NDLS – Free Report) from a hold rating to a sell rating in a report published on Thursday.
Separately, Benchmark reaffirmed a buy rating and issued a $3.00 price target on shares of Noodles & Company in a report on Monday, May 13th.
Get Our Latest Stock Analysis on NDLS
Noodles & Company Trading Down 3.1 %
Noodles & Company (NASDAQ:NDLS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The company had revenue of $121.40 million during the quarter, compared to the consensus estimate of $122.17 million. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. Research analysts predict that Noodles & Company will post -0.28 earnings per share for the current year.
Institutional Investors Weigh In On Noodles & Company
Institutional investors have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Noodles & Company by 40.8% during the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 19,127 shares in the last quarter. Algert Global LLC raised its position in shares of Noodles & Company by 56.4% in the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock valued at $149,000 after buying an additional 21,820 shares during the last quarter. Mill Road Capital Management LLC lifted its stake in shares of Noodles & Company by 0.3% in the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator’s stock worth $21,941,000 after buying an additional 19,700 shares in the last quarter. Sapient Capital LLC acquired a new position in Noodles & Company during the fourth quarter worth about $301,000. Finally, Sierra Summit Advisors LLC purchased a new stake in Noodles & Company during the 4th quarter valued at about $443,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.
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.
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