Noodles & Company (NASDAQ:NDLS) Upgraded by StockNews.com to Hold Rating

by · The Markets Daily

StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS – Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

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

Read Our Latest Report on NDLS

Noodles & Company Stock Performance

Noodles & Company stock opened at $0.72 on Friday. Noodles & Company has a twelve month low of $0.60 and a twelve month high of $3.50. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66. The company has a market capitalization of $32.89 million, a P/E ratio of -0.99 and a beta of 1.57. The stock’s 50 day moving average is $0.90 and its 200 day moving average is $1.34.

Noodles & Company (NASDAQ:NDLS – Get Free Report) last released its 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 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 prior year, the company posted $0.04 earnings per share. On average, equities research analysts predict that Noodles & Company will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in shares of Noodles & Company during the second quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Noodles & Company during the 2nd quarter valued at about $99,000. Creative Planning lifted its stake in Noodles & Company by 83.2% during 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. Finally, Nantahala Capital Management LLC boosted its holdings in shares of 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 valued at $6,807,000 after acquiring an additional 275,000 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

(Get Free Report)

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.

Featured Articles