Noodles & Co (NASDAQ:NDLS) has earned an average rating of “Hold” from the ten research firms that are currently covering the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.28.
Several brokerages recently issued reports on NDLS. Jefferies Group LLC restated a “hold” rating and issued a $5.00 price objective on shares of Noodles & Co in a report on Tuesday, April 4th. Wedbush reiterated a “neutral” rating and set a $4.50 price target on shares of Noodles & Co in a research note on Saturday, January 7th. Zacks Investment Research upgraded shares of Noodles & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Royal Bank of Canada restated a “sector perform” rating and set a $5.00 target price on shares of Noodles & Co in a research note on Monday, March 6th. Finally, BMO Capital Markets set a $4.00 target price on shares of Noodles & Co and gave the stock a “hold” rating in a research note on Saturday, March 4th.
Large investors have recently bought and sold shares of the stock. FMR LLC increased its stake in Noodles & Co by 0.5% in the fourth quarter. FMR LLC now owns 3,951,069 shares of the restaurant operator’s stock valued at $16,199,000 after buying an additional 20,700 shares during the last quarter. Netols Asset Management Inc. increased its stake in Noodles & Co by 67.8% in the fourth quarter. Netols Asset Management Inc. now owns 854,438 shares of the restaurant operator’s stock valued at $3,503,000 after buying an additional 345,088 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Noodles & Co during the fourth quarter valued at $2,018,000. Renaissance Technologies LLC increased its stake in Noodles & Co by 132.5% in the fourth quarter. Renaissance Technologies LLC now owns 395,800 shares of the restaurant operator’s stock valued at $1,623,000 after buying an additional 225,600 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in Noodles & Co by 47.3% in the fourth quarter. Two Sigma Investments LP now owns 63,504 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 20,380 shares during the last quarter. 87.82% of the stock is owned by institutional investors and hedge funds.
Shares of Noodles & Co (NASDAQ:NDLS) traded down 2.68% on Monday, reaching $5.45. 232,747 shares of the company’s stock traded hands. Noodles & Co has a 52-week low of $3.16 and a 52-week high of $11.86. The stock’s market cap is $151.90 million. The firm’s 50-day moving average is $4.86 and its 200-day moving average is $4.48.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Wednesday, March 1st. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $129.40 million for the quarter, compared to analyst estimates of $128.89 million. Noodles & Co had a negative net margin of 6.43% and a negative return on equity of 4.46%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts anticipate that Noodles & Co will post $0.02 EPS for the current fiscal year.
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About Noodles & Co
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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