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Noodles & Co (NASDAQ:NDLS) Given Consensus Rating of "Buy" by Analysts

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Noodles & Co (NASDAQ:NDLS) has received an average rating of "Buy" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.67.

NDLS has been the topic of several research reports. TheStreet raised Noodles & Co from a "d+" rating to a "c-" rating in a report on Thursday, August 20th. BidaskClub upgraded Noodles & Co from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Zacks Investment Research downgraded Noodles & Co from a "buy" rating to a "hold" rating in a research report on Tuesday, October 6th.

In other news, insider Holdings Ll Catterton-Noodles sold 1,435,000 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $7.85, for a total value of $11,264,750.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its position in Noodles & Co by 13.1% during the second quarter. American International Group Inc. now owns 19,108 shares of the restaurant operator's stock worth $116,000 after buying an additional 2,206 shares during the period. Citigroup Inc. lifted its position in Noodles & Co by 41.9% during the first quarter. Citigroup Inc. now owns 8,125 shares of the restaurant operator's stock worth $38,000 after buying an additional 2,401 shares during the period. Bank of America Corp DE lifted its position in Noodles & Co by 19.9% during the second quarter. Bank of America Corp DE now owns 18,675 shares of the restaurant operator's stock worth $113,000 after buying an additional 3,098 shares during the period. BNP Paribas Arbitrage SA lifted its position in Noodles & Co by 120.1% during the first quarter. BNP Paribas Arbitrage SA now owns 8,863 shares of the restaurant operator's stock worth $42,000 after buying an additional 4,837 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Noodles & Co by 17.6% during the first quarter. Alliancebernstein L.P. now owns 38,800 shares of the restaurant operator's stock worth $183,000 after buying an additional 5,800 shares during the period. Hedge funds and other institutional investors own 69.87% of the company's stock.

Noodles & Co stock opened at $8.05 on Friday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.12 and a current ratio of 1.27. The firm has a market capitalization of $357.06 million, a price-to-earnings ratio of -21.76 and a beta of 1.04. Noodles & Co has a fifty-two week low of $3.14 and a fifty-two week high of $9.31. The stock's fifty day moving average is $7.59 and its two-hundred day moving average is $6.34.

Noodles & Co (NASDAQ:NDLS) last posted its earnings results on Thursday, August 6th. The restaurant operator reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.21) by $0.03. The company had revenue of $80.20 million for the quarter, compared to analyst estimates of $79.61 million. Noodles & Co had a negative return on equity of 10.90% and a negative net margin of 3.94%. Noodles & Co's revenue was down 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts forecast that Noodles & Co will post -0.23 EPS for the current fiscal year.

Noodles & Co Company Profile

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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7 Virus-Resistant Retail Stocks to Own Now

The U.S. economy contracted by 5% in the first quarter. That was slightly larger than the 4.8 decline that was previously forecast. On the same day that GDP was released, we also learned that the ranks of those filing for unemployment claims exceeded 40 million.

But as sobering as those numbers are, they’re not completely surprising. The U.S. economy was effectively shut down as citizens did their part to slow the spread of the novel coronavirus. But the cost of those efforts is just being measured.

And one of those measurements comes in the all-important Consumer Confidence Index. The index ticked up slightly in May to 86.6. While this number is about 30% lower than where the index sat In February, it’s significantly higher than where it sat at the trough of the financial crisis and subsequent recession.

And a big reason for that is that while the brick-and-mortar economy shut down, the digital economy helped give the economy a pulse.

Consumption is a key part of our economy. That’s why consumer confidence makes up 70% of the U.S. economy. And one of the key ways that consumers express that confidence or lack thereof, is in the retail sector.

For the last few years, the story of retail has been about which retailers were going to be able to successfully compete in the e-commerce space that is still owned by Amazon (NASDAQ:AMZN). Sadly, we’re discovering that some companies, like J.C. Penney, were late to adapt in a meaningful way. But that isn’t the case for all retailers.

In this special presentation, we are identifying 7 retail stocks that have done well through this turbulent time and should use that as a springboard to continued growth.

View the "7 Virus-Resistant Retail Stocks to Own Now".

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