Shares of Noodles & Company (NASDAQ:NDLS - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.60 and traded as low as $1.81. Noodles & Company shares last traded at $1.91, with a volume of 184,878 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on NDLS shares. StockNews.com downgraded Noodles & Company from a "hold" rating to a "sell" rating in a report on Friday, March 8th. Benchmark lowered their price target on Noodles & Company from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, March 12th.
View Our Latest Stock Analysis on NDLS
Noodles & Company Price Performance
The company has a quick ratio of 0.18, a current ratio of 0.34 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $85.93 million, a P/E ratio of -8.68 and a beta of 1.68. The firm has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.59.
Institutional Investors Weigh In On Noodles & Company
Hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in shares of Noodles & Company by 40.8% in the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator's stock valued at $162,000 after acquiring an additional 19,127 shares during the period. Algert Global LLC lifted its holdings in shares of Noodles & Company by 56.4% during the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator's stock valued at $149,000 after acquiring an additional 21,820 shares during the period. AWM Investment Company Inc. lifted its holdings in shares of Noodles & Company by 36.1% during the second quarter. AWM Investment Company Inc. now owns 900,444 shares of the restaurant operator's stock valued at $3,044,000 after acquiring an additional 239,000 shares during the period. Portside Wealth Group LLC bought a new position in shares of Noodles & Company during the second quarter valued at $42,000. Finally, Innovis Asset Management LLC lifted its holdings in shares of Noodles & Company by 93.5% during the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator's stock valued at $292,000 after acquiring an additional 57,363 shares during the period. 65.67% of the stock is owned by institutional investors.
About Noodles & Company
(
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.
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