Noodles & Company (NASDAQ:NDLS) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Noodles & Company (NASDAQ:NDLS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.54 and traded as low as $0.65. Noodles & Company shares last traded at $0.69, with a volume of 303,055 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com lowered Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Truist Financial reduced their target price on Noodles & Company from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Noodles & Company Stock Down 9.0 %

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’s 50-day moving average is $1.14 and its 200 day moving average is $1.54. The stock has a market cap of $31.59 million, a price-to-earnings ratio of -0.95 and a beta of 1.73.

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

Institutional Trading of Noodles & Company

A number of institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Noodles & Company in the second quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Noodles & Company in the 2nd quarter valued at $99,000. Creative Planning raised 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 valued at $159,000 after acquiring an additional 60,000 shares during the period. Vanguard Group Inc. lifted its holdings 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 valued at $4,611,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Nantahala Capital Management LLC boosted its position in 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 purchasing an additional 275,000 shares during the period. Hedge funds and other 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.