StockNews.com lowered shares of Noodles & Company (NASDAQ:NDLS – Free Report) from a hold rating to a sell rating in a report released on Thursday.
Separately, Benchmark reiterated a buy rating and issued a $3.00 price objective on shares of Noodles & Company in a research note on Monday, May 13th.
View Our Latest Stock Report on NDLS
Noodles & Company Price Performance
Noodles & Company (NASDAQ:NDLS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Noodles & Company had a negative return on equity of 26.88% and a negative net margin of 2.58%. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $122.17 million. Sell-side analysts forecast that Noodles & Company will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Noodles & Company
Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Noodles & Company during the first quarter worth $32,000. Algert Global LLC lifted its position in shares of Noodles & Company by 56.4% during the third quarter. Algert Global LLC now owns 60,510 shares of the restaurant operator’s stock worth $149,000 after acquiring an additional 21,820 shares in the last quarter. Barclays PLC lifted its position in shares of Noodles & Company by 40.8% during the third quarter. Barclays PLC now owns 65,956 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 19,127 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Noodles & Company during the fourth quarter worth $301,000. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Noodles & Company in the fourth quarter worth $443,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.
About Noodles & Company
Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.
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