Benchmark Trims Noodles & Company (NASDAQ:NDLS) Target Price to $3.00

Noodles & Company (NASDAQ:NDLS - Get Free Report) had its target price decreased by equities research analysts at Benchmark from $4.00 to $3.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Benchmark's price target would suggest a potential upside of 130.77% from the stock's current price.

Separately, StockNews.com lowered shares of Noodles & Company from a "hold" rating to a "sell" rating in a report on Friday, March 8th.

Noodles & Company Price Performance

Shares of NDLS stock traded down $0.10 on Wednesday, reaching $1.30. The company's stock had a trading volume of 500,740 shares, compared to its average volume of 272,541. The stock's 50 day simple moving average is $1.97 and its 200-day simple moving average is $2.47. The company has a market capitalization of $58.49 million, a P/E ratio of -5.91 and a beta of 1.65. The company has a quick ratio of 0.18, a current ratio of 0.34 and a debt-to-equity ratio of 2.95. Noodles & Company has a 12-month low of $1.11 and a 12-month high of $5.00.

Noodles & Company (NASDAQ:NDLS - Get Free Report) last announced its earnings results on Thursday, March 7th. The restaurant operator reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $124.32 million during the quarter, compared to analysts' expectations of $124.95 million. Noodles & Company had a negative return on equity of 13.20% and a negative net margin of 1.96%. As a group, equities analysts predict that Noodles & Company will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Noodles & Company

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new stake in shares of Noodles & Company during the third quarter valued at approximately $29,000. Barclays PLC grew its position in shares of Noodles & Company by 40.8% during the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator's stock valued at $162,000 after purchasing an additional 19,127 shares in the last quarter. Innovis Asset Management LLC increased its holdings in shares of Noodles & Company by 93.5% in the third quarter. Innovis Asset Management LLC now owns 118,731 shares of the restaurant operator's stock worth $292,000 after purchasing an additional 57,363 shares during the last quarter. Algert Global LLC increased its holdings in shares of Noodles & Company by 56.4% in the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator's stock worth $149,000 after purchasing an additional 21,820 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Noodles & Company in the fourth quarter worth about $301,000. Institutional investors own 65.67% of the company's stock.

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.