Dimensional Fund Advisors LP Buys New Stake in Noodles & Co (NDLS)

Dimensional Fund Advisors LP bought a new position in shares of Noodles & Co (NASDAQ:NDLS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,339 shares of the restaurant operator’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Noodles & Co during the 1st quarter valued at $2,291,000. Eidelman Virant Capital boosted its holdings in shares of Noodles & Co by 9.4% during the 2nd quarter. Eidelman Virant Capital now owns 715,291 shares of the restaurant operator’s stock valued at $8,798,000 after buying an additional 61,291 shares in the last quarter. First Midwest Bank Trust Division boosted its holdings in shares of Noodles & Co by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 50,775 shares of the restaurant operator’s stock valued at $625,000 after buying an additional 5,920 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Noodles & Co during the 2nd quarter valued at $350,000. Finally, EAM Investors LLC boosted its stake in Noodles & Co by 99.7% in the 2nd quarter. EAM Investors LLC now owns 184,690 shares of the restaurant operator’s stock worth $2,272,000 after purchasing an additional 92,224 shares in the last quarter. 63.83% of the stock is currently owned by institutional investors and hedge funds.

In other Noodles & Co news, EVP Melissa Heidman sold 4,315 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $12.00, for a total value of $51,780.00. Following the completion of the transaction, the executive vice president now owns 24,740 shares of the company’s stock, valued at approximately $296,880. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert M. Hartnett sold 9,652 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $11.51, for a total value of $111,094.52. Following the completion of the transaction, the director now directly owns 96,606 shares of the company’s stock, valued at approximately $1,111,935.06. The disclosure for this sale can be found here. In the last three months, insiders sold 63,937 shares of company stock valued at $748,702. 50.52% of the stock is owned by insiders.



Shares of Noodles & Co stock opened at $9.43 on Thursday. The stock has a market capitalization of $426.04 million, a P/E ratio of -471.50, a PEG ratio of 35.81 and a beta of -0.58. Noodles & Co has a 1 year low of $3.95 and a 1 year high of $13.50. The company has a current ratio of 0.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91.

Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Tuesday, October 23rd. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $114.80 million. Noodles & Co had a negative net margin of 1.96% and a positive return on equity of 2.23%. Noodles & Co’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, analysts expect that Noodles & Co will post 0.04 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on NDLS shares. BMO Capital Markets upped their price target on shares of Noodles & Co from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 24th. ValuEngine cut shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. SunTrust Banks upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Tuesday, October 16th. BidaskClub cut shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Finally, Citigroup dropped their price target on shares of Noodles & Co from $13.50 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $12.00.

About Noodles & Co

Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.

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Institutional Ownership by Quarter for Noodles & Co (NASDAQ:NDLS)

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