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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