Noodles & Company (NASDAQ:NDLS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Noodles & Company (NDLS) from "sell" to "hold," while Weiss Ratings kept a "sell (e+)" and MarketBeat shows a consensus rating of "Reduce."
• Noodles & Company beat quarterly expectations, reporting EPS of ($0.43) vs. estimates of ($0.72) and revenue of $122.78M, yet the stock opened at $9.20 and was trading down about 2.4% with a market cap near $53.8M.
• About 65.7% of shares are held by institutions, with recent stake increases from Renaissance Technologies, XTX Topco, Goldman Sachs, Geode and State Street indicating heightened institutional activity.

Noodles & Company (NASDAQ:NDLS - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Noodles & Company in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Noodles & Company presently has a consensus rating of "Reduce".

Noodles & Company Trading Down 2.4%

NASDAQ NDLS opened at $9.20 on Friday. The firm has a market capitalization of $53.82 million, a P/E ratio of -1.24 and a beta of 1.50. The firm's fifty day moving average price is $5.71 and its two-hundred day moving average price is $5.68. Noodles & Company has a 1 year low of $3.57 and a 1 year high of $10.00.

Noodles & Company (NASDAQ:NDLS - Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The restaurant operator reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.72) by $0.29. The business had revenue of $122.78 million during the quarter, compared to analyst estimates of $122.40 million. On average, research analysts anticipate that Noodles & Company will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Noodles & Company

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator's stock valued at $66,000 after acquiring an additional 24,600 shares during the last quarter. XTX Topco Ltd increased its holdings in Noodles & Company by 228.5% in the fourth quarter. XTX Topco Ltd now owns 94,746 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 65,907 shares during the period. Goldman Sachs Group Inc. raised its position in Noodles & Company by 331.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator's stock worth $121,000 after purchasing an additional 84,987 shares during the last quarter. Geode Capital Management LLC raised its position in Noodles & Company by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator's stock worth $275,000 after purchasing an additional 27,384 shares during the last quarter. Finally, State Street Corp lifted its holdings in Noodles & Company by 31.1% during the 4th quarter. State Street Corp now owns 181,963 shares of the restaurant operator's stock worth $128,000 after buying an additional 43,211 shares during the period. 65.67% of the stock is owned by institutional investors.

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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