Noodles & Company (NASDAQ:NDLS) Downgraded by StockNews.com

Noodles & Company (NASDAQ:NDLS - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.

Separately, Benchmark restated a "buy" rating and issued a $3.00 price target on shares of Noodles & Company in a research note on Monday, May 13th.

Noodles & Company Stock Performance

NDLS traded down $0.06 on Wednesday, hitting $1.99. 112,002 shares of the company's stock were exchanged, compared to its average volume of 270,083. The stock has a fifty day moving average of $1.72 and a two-hundred day moving average of $2.41. Noodles & Company has a twelve month low of $1.11 and a twelve month high of $3.98. The firm has a market cap of $90.25 million, a PE ratio of -6.86 and a beta of 1.69. The company has a current ratio of 0.31, a quick ratio of 0.17 and a debt-to-equity ratio of 3.71.

Noodles & Company (NASDAQ:NDLS - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Noodles & Company had a negative net margin of 2.58% and a negative return on equity of 26.88%. The firm had revenue of $124.32 million during the quarter, compared to analyst estimates of $124.95 million. On average, research analysts anticipate that Noodles & Company will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Noodles & Company by 0.7% in the first 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. Mirae Asset Global Investments Co. Ltd. bought a new stake in Noodles & Company during the first quarter worth approximately $32,000. Sierra Summit Advisors LLC bought a new stake in Noodles & Company during the fourth quarter worth approximately $443,000. Mill Road Capital Management LLC boosted its holdings in Noodles & Company by 0.3% during the fourth quarter. Mill Road Capital Management LLC now owns 6,965,291 shares of the restaurant operator's stock worth $21,941,000 after buying an additional 19,700 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in Noodles & Company during the fourth quarter worth approximately $301,000. 65.67% of the stock is currently owned by institutional investors.

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.