Noodles & Company (NASDAQ:NDLS) Upgraded at StockNews.com

StockNews.com upgraded shares of Noodles & Company (NASDAQ:NDLS) from a sell rating to a hold rating in a report issued on Saturday.

Separately, Truist Financial dropped their price target on Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Noodles & Company Trading Down 6.8 %

Noodles & Company stock opened at $0.67 on Friday. Noodles & Company has a 1 year low of $0.60 and a 1 year high of $3.50. The firm’s 50 day moving average price is $0.89 and its 200-day moving average price is $1.32. The company has a debt-to-equity ratio of 23.66, a current ratio of 0.31 and a quick ratio of 0.17. The stock has a market cap of $30.65 million, a P/E ratio of -0.92 and a beta of 1.58.

Noodles & Company (NASDAQ:NDLS) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). The company had revenue of $122.75 million during the quarter, compared to the consensus estimate of $125.43 million. Noodles & Company had a negative net margin of 6.59% and a negative return on equity of 108.23%. During the same quarter in the prior year, the firm posted $0.04 earnings per share. On average, equities analysts predict that Noodles & Company will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of Noodles & Company

Large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in Noodles & Company in the second quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Noodles & Company in the 2nd quarter valued at approximately $99,000. Creative Planning boosted its holdings in shares of Noodles & Company by 83.2% in the 3rd quarter. Creative Planning now owns 132,130 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 60,000 shares during the period. Finally, Nantahala Capital Management LLC increased its position in shares of Noodles & Company by 6.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 4,308,329 shares of the restaurant operator’s stock valued at $6,807,000 after purchasing an additional 275,000 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Noodles & Company Company Profile

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.