Noodles & Company (NASDAQ:NDLS) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Shares of Noodles & Company crossed above its 50‑day moving average
• Analyst sentiment is mixed — Wall Street Zen upgraded NDLS from Sell to Hold while Weiss Ratings stays on Sell, leaving an average MarketBeat rating of Reduce.
• Fundamentals show a small market cap (~$58.2M) and a negative P/E (-1.34); the company reported Q1 EPS of -$0.43 that beat estimates and revenue roughly in line, and institutional ownership is about 65.7% with several firms increasing stakes.

Noodles & Company (NASDAQ:NDLS - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.01 and traded as high as $10.56. Noodles & Company shares last traded at $9.88, with a volume of 30,259 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NDLS. Wall Street Zen raised shares of Noodles & Company from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. Weiss Ratings reissued a "sell (e+)" rating on shares of Noodles & Company in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Noodles & Company has an average rating of "Reduce".

Noodles & Company Price Performance

The stock has a market capitalization of $58.19 million, a PE ratio of -1.34 and a beta of 1.18. The business's fifty day moving average price is $7.01 and its 200-day moving average price is $6.16.

Noodles & Company (NASDAQ:NDLS - Get Free Report) last announced its earnings results on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.29. The company had revenue of $122.78 million during the quarter, compared to analysts' expectations of $122.40 million.

Institutional Trading of Noodles & Company

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in Noodles & Company by 331.0% during the first quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator's stock valued at $121,000 after buying an additional 84,987 shares during the period. XTX Topco Ltd raised its position in shares of Noodles & Company by 228.5% in the 4th quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator's stock worth $67,000 after purchasing an additional 65,907 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Noodles & Company by 34,246.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 49,657 shares during the last quarter. State Street Corp raised its position in shares of Noodles & Company by 31.1% in the 4th quarter. State Street Corp now owns 181,963 shares of the restaurant operator's stock worth $128,000 after purchasing an additional 43,211 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Noodles & Company in the 4th quarter worth about $28,000. Institutional investors own 65.67% of the company's stock.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.

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