According to Zacks, “Noodles & Company is a fast casual restaurant which offers lunch and dinner. It serves noodles, pastas, salads, soups, sandwiches, cheese, meatballs and beverages. The company operates in the United States. Noodles & Company is based in Broomfield, Colorado. “
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Noodles & Co from a sell rating to a hold rating in a research report on Sunday, September 1st. ValuEngine upgraded shares of Noodles & Co from a sell rating to a hold rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $10.71.
Noodles & Co (NASDAQ:NDLS) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $117.72 million. Noodles & Co had a negative net margin of 0.07% and a positive return on equity of 6.80%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. On average, research analysts predict that Noodles & Co will post 0.16 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of NDLS. Intrinsic Edge Capital Management LLC bought a new stake in Noodles & Co in the second quarter valued at $788,000. Susquehanna International Group LLP raised its position in shares of Noodles & Co by 389.8% in the 2nd quarter. Susquehanna International Group LLP now owns 36,800 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 49,497 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Noodles & Co in the 2nd quarter worth about $168,000. D. E. Shaw & Co. Inc. raised its position in shares of Noodles & Co by 42.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 346,457 shares of the restaurant operator’s stock worth $2,730,000 after purchasing an additional 102,935 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Noodles & Co by 14.3% in the 2nd quarter. Marshall Wace LLP now owns 575,241 shares of the restaurant operator’s stock worth $4,532,000 after purchasing an additional 71,765 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.
Noodles & Co Company Profile
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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